"Lloyd-George's house on the corner of Hargreaves Street was exactly the kind of dwelling that Lowry would have visited on his rounds as a rent collector, a job that he held despite his increasing renown as an artist as this was the source of his art."
Culture minister, Caroline Dinenage, said: "The Acceptance in Lieu Scheme exists so that we can save important objects and works of art for the public. The news that LS Lowry's portrait of former prime minister David Lloyd-George's birthplace has been acquired by The Lowry, Salford, is testament to the scheme and I look forward to seeing it enjoyed by the local community."
In 2019 the Lowry Centre held the Gala Premiere of Mrs Lowry & Son. Directed by Adrian Noble, the film featured Timothy Spall as the painter and Vanessa Redgrave as his demanding mother Elizabeth.
The Lowry's gallery, where the new arrival will take pride of place, is due to re-open in May, in line with Step 3 of the government's Roadmap out of Lockdown.