Stage set for theatre cash
Funding U- turn could save Gaiety
A theatre which claimed it had “little hope” of surviving budget cuts could be set for a cash lifeline, the Post has learned.
Council bosses are considering a shock U- turn on their move to slash funding for the Gaiety.
Annual subsidies were cut from £ 150,000 to £ 100,000 in March this year.
But a new administration led by the SNP is ready to swell the coffers again.
Sources say the council is ready to commit an extra £ 40,000 in funding by 2020.
A six- figure loan payment could also be approved if new proposals are given the go- ahead.
Previous political leaders had suggested it was time for the theatre to embrace a more “self- sufficient” model instead of relying of handouts.
But stage bosses have insisted they would face closure without the continued level of support.
The Post understands a change in political leadership at County Buildings has now sparked a potential change of heart.
Gaiety chief executive, Jeremy Wyatt, said: “We believe we have less public sector revenue support than any similar theatre in Scotland – but we do still need this support to ensure we can continue and develop.
“South Ayrshire Council support in particular is the foundation on which our success is built.
“So when our funding was cut at short notice at the start of this financial year, that was a major blow.
“Since then, and in particular since the local elections, we’ve been in discussion with the council to explore different ways they can support us going forward.”
Mr Wyatt added: “We deliver incredible value for money and substantial economic, community and cultural outcomes.
“At the same time the council has significant financial challenges to address.
“We hope we are close to a resolution that will make sense for all parties concerned but as yet there is no decision that we are aware of.”
Council economy boss, Lesley Bloomer, said: “Discussions are ongoing with representatives from the Gaiety.”