Supplementary memorandum submitted by
the Corporation of London
ARTS DEVELOPMENT: MUSICAL THEATRE
I thought it might be helpful if I were to provide
the Culture, Media and Sport Select Committee with details of
a significant development in relation to the Bridewell Theatre
following the Corporation's submission to its inquiry Arts
Development: Musical Theatre.
In December, Arts Council London indicated to
the Corporation its intention to allocate £30,000 to the
Theatre, expressing the hope that the Corporation might make available
a similar sum so as to help secure the Theatre's survival of the
financial year 2004-05.
Mindful of the Theatre's valuable work, the
Corporation's Finance Committee has agreed to match the proposed
Arts Council London grant. I must emphasise that this is a one-off
payment and the Corporation maintains the position that it is
unable to give organisations like the Theatre substantial recurrent
funding at the present time. The Corporation hopes that the £30,000
payment will give the Theatre time to investigate longer term
solutions to its funding difficulties.
I hope the Committee will find this information
helpful in preparing its report.
9 March 2004
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