The Theatre Royal Bury St Edmunds, theUK’s last surviving working Regency playhouse, has today announced that from April 2015 they will lose Arts Council England National Portfolio Organisation funding.
NPO funding currently represents 36% of the venues grant funding and provides 20% of their running costs. The venue will work with Arts Council England over the next few months to explore other funding options.
In a statement, the Suffolk venue states that it has recently made major changes to its operations to ensure the theatre is and will remain financially sustainable.
The statement continues “The past six months have seen a renewed connection with our audiences and real interest in our creative programme. We know that the Arts Council has had to make some tough decisions, but loss of this funding is very important to the Theatre Royal’s stability and most importantly to people in this region’s entitlement to high quality performing arts.”
The venue also receives support from St Edmundsbury District and Suffolk County Councils and will be working with them to find new ways to continue their programme.
The statement from the venue concludes “We will now have nine months to review and formulate a new model of working, which will be challenging in the current economic climate, it is a challenge, however, that we are determined to meet.“