Tate Liverpool has been one of the most popular venues
Proposals to boost funding levels to Liverpool's arts scene after the city's status as Capital of Culture ends are to be discussed by councillors.
Liverpool city council's Executive Board is to consider plans to maintain funding in the region of £4.1m per annum for the next two years.
A meeting will take place on 7 November to approve the strategy with a final decision expected in January 2009.
The council said it wanted to create a "successful legacy from 2008".
In 2006, to prepare for European Capital of Culture, the city council set out a strategy of a three year investment which resulted in a financial package of £12.3m over the three years, this is due to expire on 31 March 2009.
Councillor Warren Bradley, Leader of Liverpool City council, said: ''Financial security has enabled the city's cultural sector to develop and grow, providing a richer and more diverse offer.
"The benefits of this are there for all to see: a successful Capital of Culture, a stronger cultural landscape, enhanced development, increased confidence, joint working and a more dynamic sector.
''This success has set a benchmark from which to address a raft of new challenges and opportunities for the city and the way we fund the arts needs to be open and robust to ensure we build on our international reputation for excellence.
'This will be a competitive process, but this report underlines the council's commitment to creating a successful legacy from 2008. ''
Liverpool's Capital of Culture year has been hailed as one of the best ever, attracting at least 10 million visitors.
This month it was announced that culture events have boosted the local economy by £1bn.
The specially commissioned Gustav Klimt exhibition at Tate Liverpool has proved to be one of the most popular events.