Artsmatrix, the South West support service for artists and the creative industries in the South West has folded.
The board of ArtsMatrix announced that the company had ceased trading and is seeking advice to convene a creditors’ meeting to place the company into voluntary liquidation.
A spokesperson said: “This has been a very challenging financial and economic period for development agencies in the sector, and the closure of ArtsMatrix is part of a worrying trend right across the UK.
“We believe that this is a great loss to the arts and cultural sector and will have a negative impact on the ability of creative businesses to deliver their full potential and contribute to the Government’s stated aim of making the UK the ‘world’s creative hub’.”
During its three years ArtsMatrix worked face-to-face with 3,000 people and supported a further 4,000 practitioners in the creative sector every year.