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The council says it intends to talk to these organisations about the next steps before it release any details about them more widely, although one already to come forward and say it has lost out is the Theatre Royal Bury St Edmunds. The funding represented 36pc of its revenue grant funding and some eight per cent of its total income, which effectively funds 20pc of the theatre's running costs.

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The two organisations are new additions to Arts Council England's National Portfolio funding for 2015 18, which will see it invest 12.4m in eight organisations in Suffolk and 5.7m in five in Norfolk from 2015 18.

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its role as a bridge organisation and 3.6m will be awarded to Norfolk Museums All Nike Uptempo Shoes

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In addition, 1.5m will go toward the Norfolk and Norwich Festival Bridge Nike Air More Uptempo Obsidian/White/Gum Light Brown to continue Nike Air Max Uptempo 3 Retro

Arts Council England says the majority of organisations in the portfolio have received standstill funding, with increases only given in exceptional cases. A total of 37 organisations across the country have seen funding reduced, while 58 will be leaving the portfolio.

The Major Partner Museums budget has increased to 22.6m in 2015/16 from 21.5m, and the Grants for the Arts budget, which dishes out ad hoc sums of money to smaller organisations and individual artists, has risen to 70m in 2015/16, from 63m in 2014/15.

Service as part of the Major Partner Museums programme.

23m into region's arts funding over three years

"The portfolio should be viewed alongside our strategic funds and grants for the arts these will fund added ambition and reach in a sector that has shown it is hungry to do more and audiences that have shown they are hungry for great cultural experiences.

150,000 and Seachange Arts 300,000 in 2015/16, and they are expected to get the same in the following two years, although the council is warning this could change if any further government cuts are announced in the coming years.

The funding announcement comes at a time of pressure on the arts, despite culture's relatively smaller cut of 5pc in the Chancellor's last spending review.

"But we mustn't forget that sustaining the National Portfolio comes at a real price in terms of the reduced size of our investment in these other areas over the next three years. We have increased Grants for the Arts, but have cut things like capital spending significantly. The long term health of our arts and culture depends on continued commitment from central and local government to invest in our sector."

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But this comes at a price as Arts Council England's strategic funds for the arts overall has been slashed from 153m in 2014/15 to 104m per annum.

In Suffolk, recipients include Saxmundham based Aldeburgh Music, HighTide Festival Theatre in Halesworth, and another six organisations in Ipswich which are DanceEast, Eastern Angles Theatre Company, Gecko Theatre Ltd, New Wolsey Theatre, The Robert Pacitti Company Ltd and Tilted Productions.

Arts Council England's investment in its national portfolio for 2015/16 will be 339.5m, compared to 341.4m in 2014/15.

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Theatre bosses said they were "disappointed" to miss out but they will be working hard to identify new ways to ensure the theatre's continuing financial stability.

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Alan Davey, chief executive Arts Council England, said: "We have produced a connected mix of organisations who can produce excellent work that will engage and succour audiences nationwide. This portfolio is about investment in new talent whilst supporting stability and continuity.

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