Our Investment Review – which takes place every five years – is the process that we use to select the group of organisations that will make up our future Arts Portfolio Wales. These organisations work across Wales and receive annual revenue funding for their activities.

Given the importance of this process, we’re committed to making sure it’s clear, simple and designed to get the best outcome for the arts in Wales.

The latest Investment Review was to have taken place in early 2020, but earlier in the year Arts Council of Wales took the decision, in the light of the onset of Covid19, to defer the process and timetable. 



Earlier in 2020, we asked for your feedback on the process and documentation that we’ll be using to carry out the review. You can find a copy of our response to the consultation here. We’d urge any potential applicant to read this carefully.


The Investment Review timetable

More details on the process and concrete dates will be announced over the coming months, but an outline timetable has been agreed:

  • The Review process will resume towards the end of 2021.
  • An Assessment of applications will take place during 2022.
  • A new Arts Portfolio Wales will be announced in April 2023

We will be publishing regular updates on the progress of the next Investment Review, so please keep an eye on our website and sign up to our newsletter for further information.

Have any questions about the Investment Review process? Contact us.


Useful reading

More information can be found in our Strategy section, or by searching our documents library. For ease, here are some resources that may be useful for the Investment Review process.