20.10.11 | Benedicte Page
The Poetry Book Society has obtained three-year sponsorship for the prestigious T S Eliot Prize from private investment management firm Aurum Funds.
There had been concern for the prize, which goes to new collections of poetry in English and was established by Sir Stephen Spender, after Arts Council England announced last spring that its funding for the PBS would end from April 2012.
Aurum Funds is understood to be donating a substantial sum to support the management of the prize, with T S Eliot’s widow Valerie Eliot and the T S Eliot estate continuing to provide the prize money itself. The winner receives £15,000 and each shortlisted poet wins £1,000.