A key aim of Awards for Artists has always been to ease the pressures artists face – particularly financial pressures. Monetary awards in the art world can therefore have a significant impact on an artist’s career and life, but they often require something from the artist in return – the creation of new art, or an exhibition or performance, in service of the award.
The current value of an Award is £75,000, which is made over a three-year period. In contrast to many arts awards, however, Awards for Artists are given with ‘no strings attached’ – an artist is free to do whatever they wish with the money they receive, and they are required to produce nothing in return.