Gallery secures huge investment at a time when many arts institutions are struggling to raise funds
The National Gallery has lifted its ban on collecting modern paintings made after 1900 as part of a revamp that will include a new wing, made possible after it secured a landmark investment of £375m.
A new part of the gallery will be built behind the Sainsbury building as part of Project Domani– “tomorrow” in Italian – after two donations of £150m each from Michael Moritz’s Crankstart foundation and the Hans and Julia Rausing Trust.
The remaining £75m will come from the National Gallery Trust and an anonymous group of donors.
An architecture competition will launch on Wednesday to decide who will design the space, with the new site expected to open in the “early 2030s”.
