The fund is supported by The Northwood Charitable Trust, which is the Thomson family’s private charitable organisation.

The organisation has donated £500,000 to the campaign as a challenge fund, to match other contributions pound-for-pound.

The campaign, which will be led by the V&A Dundee, will benefit Dundee Contemporary Arts, Dundee Heritage Trust – operator of Discovery Point and Verdant Works – Dundee Rep and Scottish Dance Theatre, Dundee Science Centre, and V&A Dundee.

Private donors such as Tim Alan and Alasdair Locke have provided an additional £200,000 in funding, The Courier reports.

Christopher Thomson, Trustee of The Northwood Charitable Trust, said: “The Northwood Charitable Trust is committed to making communities better and more supportive places for people to live, work and prosper. For us, championing the cultural recovery in Dundee is not only about safeguarding our world-class venues but also, importantly, ensuring that their wider economic impact and learning and community programmes continue to benefit everyone in the city.

“People and organisations throughout Dundee have come together to achieve remarkable things before, not least the creation of V&A Dundee itself.

“We hope that our contribution to the challenge fund inspires our community to ensure that our vibrant cultural scene remains a beacon for regeneration and prosperity in Dundee and beyond.”

Tim Allan, chairman of V&A Dundee, added: “Dundee’s major cultural organisations are the beating heart of the city. The reopening and success of our visitor attractions are crucial to Dundee’s recovery from COVID-19, with their widespread economic and social benefits felt across all communities in the city.

“I have seen the devastating impact COVID-19 has had on organisations of all sizes in all sectors. Dundee’s sense of common purpose and community is very strong and the need for leadership and investment has never been stronger.

“The Dundee Cultural Recovery Fund will enable generous private individuals and businesses to support the visitor economy in the city, and to invest in the future economic success of Dundee’s cultural sector.”

Alasdair Locke, entrepreneur and chair of decommissioning firm Well Safe, said: “The visitor economy of Dundee is of vital importance to the wellbeing of this great city, which has already seen a transformational regeneration that continues today. I am delighted to support this important and bold initiative that demonstrates the energy, drive and common purpose of everyone in the city.

“Together we can recover swiftly from the immediate economic impacts of COVID-19, and I encourage other donors to step forward to support these crucial cultural organisations.”

Dundee City Council leader John Alexander, commented: “Culture has a huge value for the city of Dundee and its economy and this fund will play an important role in helping the sector in its recovery phase. The reopening of popular Dundee attractions will help bring people and investment to the city as lockdown eases.

“I am pleased to see ideas like this fund emerging to help our attractions look forward to the future.”