ACE have been funding Folk Arts England for several years - that funding is coming to an end, and the EFDSS has become a regularly funded organisation (RFO).
ACE has just funded fRoots magazine's free cover mount CD of English performers, and is funding a selection of young English performers to go to SxSW in Texas in march http://sxsw.com/ which is one of the biggest music conferences/showcases in the world apparently.
A couple of years ago, ACE withdrew funding from several folk-based RFOs, including TAPS and Folk South West. ACE continues to fund Wren Music.
There's some examples anyway.
Derek