London receives a third of all ACE funding

The capital continues to dominate Arts Council funding allocation, but distribution of the agency’s National Lottery Project Grants is in line with a target of 75% of Lottery revenue for regional areas.
The £215m given to London organisations in 2018/19 is a much smaller proportion of total Arts Council England (ACE) funding than they received in 2012/13, when 82% went to the capital. But it is still almost 10 times more per capita than some other areas get.

Read more at Arts Professional