Seventy-two institutions, led by the European Alliance of Academies, have publicly expressed their concern regarding the drastic reduction in funding for the Círculo de Bellas Artes (CBA) by the Madrid regional government. This funding cut reduces the subsidy from €250,000 to just €12,500 for 2026, which the institutions argue could jeopardize artistic freedom and the cultural landscape of Madrid. They have called on Regional President Isabel Díaz Ayuso to reconsider this decision in light of the vital role that institutions like the CBA play in promoting artistic expression and culture.

The Círculo de Bellas Artes has been a significant cultural hub in Madrid, hosting a variety of artistic events, exhibitions, and educational programs. The decision to slash its funding has raised alarms not only about the immediate impact on the center itself but also about the broader implications for artistic institutions facing financial pressures. The institutions argue that such cuts could contribute to a chilling effect on creativity and cultural discourse in the region.

In light of this situation, the European Alliance of Academies has taken a stand to defend the CBA, highlighting the necessity of public funding in supporting the arts and ensuring that initiatives promoting artistic freedom remain viable. They emphasize that reversing the funding cut would demonstrate a commitment to protecting artistic independence and cultural vibrancy in Madrid, countering public fears about the government's dedication to supporting the arts.