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Acquisition accounted for 12 per cent of all money spent on both capital and revenue initiatives, a total of more than £150m split between 449 projects.

Acquisitions enjoy the fifth largest slice of the cake after public access & exhibition (22 per cent/£274m), conservation & restoration and historic building repair (20 per cent/£242m each), and building refurbishment (14 per cent/£165m).

The trend for funding is moving further towards improving public access and the state of repair of buildings and facilities for housing and displaying collections.