But he said that the long delay has caused needless distress to many.
Said the Foyle MLA: “I have been pressing the Minister for Communities for many weeks, asking for an update on this funding, so I welcome the fact we eventually have clarity.
“However, given the Executive received this funding in July, it is outrageous that we are only receiving this update at the end of September.
“The arts sector, and the 8,000 people who work in it, have been highly distressed over recent months and the delay has exacerbated that unnecessarily.
“Nevertheless, this funding is substantial and very welcome.
“It will go some way into supporting our critical arts and culture sector, who have borne the brunt of the pandemic and likely will not see shoots of recovery until into next year.
“This support is even more vital as the furlough scheme runs out next month and the Jobs Support Scheme, announced today, is of practically no use to businesses who cannot generate any income.
“It is imperative that this funding is delivered in a speedy and targeted basis, to ensure those who need support can get it urgently.
“I will continue to engage with the Minister to urge for timely progress on this issue.
“Our arts sector cannot afford any further delay.”