The Government of the Azores decided to award a special subsidy of 100 thousand Euros to the Graciosa Music Academy in order to guarantee the financial viability of this establishment during the present school year.
The funding of the Government is assured by a contract signed between the Regional Directorate for Education and Training and the aforementioned Music Academy.
The allocation of financial support is made under the legislation governing private, cooperative and solidary education and takes into account the objectives established for the education system.