West Berkshire Council has confirmed funding arrangements for the Corn Exchange in Newbury for the next three years
The existing agreement was due to expire shortly, so this new agreement will now allow the theatre to plan ahead with more confidence in its financial arrangements. The management will therefore be able to engage production companies and artists for the future programme of music, theatre, dance, film, comedy and visual arts.
Importantly, the security provided by this agreement will allow the Corn Exchange to work proactively with other organisations regarding possible future funding. The organisation has demonstrated an ability to do this with increasing success in recent years.
Gordon Lundie, West Berkshire Executive Councillor for Culture and Leisure said: "The Corn Exchange is an excellent venue which offers such a wide variety of performances and exhibitions. I am very pleased that we have been able to reach an agreement which gives the management the security they need while at the same time making a contribution to the Council's wider priorities for improving life in the district.
Lord Carnarvon, Chairman of the Corn Exchange Trustees said: "The Corn Exchange is a great asset for West Berkshire, and against the backdrop of challenging times we are glad to have reached an agreement with the Council that demonstrates a commitment to its ongoing work."
Nick Giles, Director of the Corn Exchange Newbury said: "With audiences of over 100,000 every year and our programme stronger than ever I am delighted to have reached this agreement. Maintaining the quality of our programme and creative projects is a priority for us, so in the coming months we will also continue to work with other funders and grant giving bodies regarding future investment."
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