Factory International, the huge arts centre being built in Manchester city centre, has blown past its budget again.
The building is set to be a world-leading theatre, performance space and cultural hub, and unveiled its opening programme just last week.
Plans for the unique structure, which boasts 21m-high ceilings and an enormous warehouse-style space that can be divided up for different audiences, were first announced in 2016.
Back then, its total budget was set to be £110m and its opening date was pencilled in for 2019.
Now, it’s looking at a total cost of £210.8m – almost double its original budget – and a completion date in 2023.
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The flagship arts centre requires an additional £25.2m to complete the work on site, as construction costs skyrocket.
When it is completed, it’s expected to create or support around 1,500 jobs, attract 850,000 visitors a year, and contribute around £1.1bn to the economy over a decade.
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Factory International will be programmed and operated by the team behind Manchester International Festival, and will act as a permanent home to the roving arts festival.
A report published on Factory International yesterday described the ‘extremely challenging wider environment the project is being delivered in’, from workforce shortages to supply chain issues to high levels of inflation.
It cites figures from the Department for Business, Energy and Industrial Strategy (BEIS), which show a 26.4% increase in prices for all construction work since June 2021.
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This includes a 58.2% increase in the price of concrete reinforced bars, a 46.3% increase in the cost of fabricated structural steel and a 28.3% increase in the cost of precast concrete products.
The report states: “While the existing budget made reasonable allowances for contingencies, it could not have predicted the exceptional circumstances with steep levels of inflation and considerable supply chain challenges that are still being experienced as Factory International approaches its opening in June 2023.”
The Executive and Manchester City Council will be asked to approve a budget increase of £25.2m, £10m of which will come from contingency funding set aside in the Council’s capital budget. The rest will come from borrowing.
More than £105m of the £210.8m total budget is funding from the Government and Arts Council England.
£55.4m has come from Manchester City Council, with the remainder coming from commercial and philanthropic fundraising.
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Separately, the local authority will also underwrite Manchester International Festival’s increased costs for the fit out of the building which have also been driven up by soaring inflation by up to £7.8m. This is ‘critical to enable the venue to operate’.
The Council hopes that selling the long-term naming rights agreement for Factory International will help to recover a significant proportion of the costs.
Cllr Luthfur Rahman, Deputy Leader of Manchester City Council, said: “Factory International will be an incredible asset for Manchester. Not only will it strengthen the city’s reputation as a nationally and indeed globally important centre for the arts, it will also help stimulate and sustain our fast-growing cultural sector which contributes £1.4bn to our economy every year. It will act as a major training centre for Manchester people pursuing careers in the arts.
“Factory International will further create and support jobs in the hospitality sector by attracting hundreds of thousands of visitors to the city every year. Sitting in the heart of the St John’s Quarter it has already helped attract investment and job creation here and will continue to do so.
“It will be inclusive and inspiring – with plenty of free and low cost events and opportunities for Manchester people to get involved – as participants as well as audiences.
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“It’s an audacious project and with that comes challenges, especially when set against a volatile economic backdrop, but the ongoing benefits for many years to come will far outweigh the one-off cost. We must not lose sight of that.”
The report will be considered by the Council’s Resources and Governance Scrutiny Committee on 11 October and the Executive will be asked to approve the increased budget when it meets on 19 October.
Featured image: OMA 24
News
Spectacular New Year’s Eve fireworks display confirmed for Manchester
Daisy Jackson
Manchester will celebrate New Year’s Eve with a spectacular FREE fireworks display, the council has confirmed.
This year, the dazzling display to ring in the new year will be set off from the roof of the city’s landmark Central Library building.
Mancs will be able to gather in St Peter’s Square as the city waves goodbye to 2024 and welcomes a new year.
The family-friendly New Year’s Eve celebration has never taken place at St Peter’s Square before, nor has the iconic Manchester Central library hosted any sort of fireworks display.
The fireworks spectacular and New Year countdown will take place on Tuesday 31 December between 10pm and 12.30am, hosted by local radio presenter and DJ Joe McGrath.
With a rough capacity of 20,000 people, there’ll be a festive atmosphere in the city centre – but Manchester City Council has stressed that alcohol is not permitted at the New Year’s Eve fireworks event.
Councillor Pat Karney, Christmas and New Year spokesperson for Manchester City Council, said: “If there’s something we do well in Manchester, it’s getting together for a big celebration – and there’s no better time for a big do than New Year’s Eve.
“This is the time to remember the year we’ve just had and to look ahead to the new one and all it may bring, surrounded by the people we love.
“Mancunians of all ages love a party, and this New Year’s Eve is going to be fantastic – a chance to dance the night away, with one of the biggest fireworks displays in the region for everyone to enjoy.
“All you need is your dancing shoes, party spirit and your nearest and dearest. Grab hold of those and we can’t wait to see you in St Peter’s Square for the last party of 2024.”
There are a few things you need to know ahead of the event – attendees are asked to limit bag sizes to no larger than A4 in size, with bag searches in operation at the entrances.
It will be a standing room only event though there’ll be a managed designated accessible viewing area located on the Metrolink tram platform closest to Central Library, available on a first-come, first-served basis.
Portaloos, public toilets until 1am, and hot drinks and food will all be available on site.
Event staff will make sure St Peter’s Square is cleared promptly after the event and once the fireworks are over to minimise disruption to local residents.
Councillor Pat Karney added: “We want everyone to be able to enjoy New Year’s Eve, including the growing number of local residents who live in town.
“I will therefore be working closely with local councillors and others to ensure that we minimise any nuisance for city centre residents.”
Important road closures and event information for the New Year’s Eve fireworks in Manchester
A number of temporary but necessary traffic management measures will be put in place in the run-up to and on the day itself so the event can go ahead.
Road closures – 31 December 2024
7.30pm–2am
Peter Street westbound (Mount Street to Lower Mosley Street)
Peter Street eastbound (Deansgate to Lower Mosley Street)
Oxford Street (Peter Street to Portland Street)
George Street (Oxford Street to Dickinson Street)
St James Street (Oxford Street to Dickinson Street)
Bale Street (Lower Mosley Street to Hall Street)
Hall Street (Bale Street to Oxford Street)
9pm–2am
Lower Mosley Street (Windmill Street to St Peter’s Square)
Princess Street (Cooper Street to George Street)
Back George Street (Princess Street to Dickenson Street)
Parking suspensions from 8am on 29 December until 6am on 2 January
Peter Street (Mount Street to Lower Mosley Street)
Parking suspensions from 6pm on 30 December until 6am on 1 January
Oxford Street (Lower Mosley Street to Portland Street)
Lower Mosley Street (Windmill Street to St Peter’s Square)
Princess Street (Cooper Street to George Street)
George Street (Oxford Street to Princess Street)
Back George Street (Princess Street to Dickenson Street)
Museum Street (Windmill Street to Peter Street)
Southmill (Windmill Street to Bootle Street)
Accessible parking
Unreserved accessible event parking is available on Mount Street.
Man charged after stealing Christmas dinner ingredients in burglary spree
Daisy Jackson
A man has been charged for a series of burglaries in Wigan – one of which saw him nick the ingredients for a Christmas dinner.
Gary Marsh of Heath Street in Golborne had reportedly taken a number of festive food items from a freezer at an address.
In the burglary on 7 December, the 38-year-old took items including a frozen turkey, two packs of pigs in blankets and a handful of Christmas appetisers.
Mr Walsh also made off with a pack of prawns, spring rolls and chicken satay skewers.
Police have said he has been charged for stealing ‘a Christmas dinner worth of goods’.
He’s been charged with six counts of burglary and one vehicle interference and will appear at Manchester Magistrates Court today.
GMP said in a statement today: “One frozen turkey, two packs of pigs in blankets and a handful of Christmas appetisers.
“Gary Marsh 16/05/1986 of Heath Street, Golborne, in Wigan, was charged on Wednesday 18 December with six counts of burglary and one vehicle interference.
“On 7 December 2024, the following items were reportedly taken from the freezer in the basement of an address: a frozen turkey, two packs of pigs in blankets, a pack of prawns, spring rolls and chicken satay skewers.”