Manchester‘s newest landmark arts complex Factory International is reportedly in talks to sell naming rights to the venue to help fund the rising costs of the project.
After it was reported earlier this month that the huge arts centre being built in Manchester city centre – which is set to be a world-leading theatre, performance space, and cultural hub – had blown past its budget once again, and was seeking for a further £25.2 million in funding from the government and Arts Council England to be approved by Manchester City Council, it’s now been revealed that the option for selling naming rights is being explored.
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, and back then, its total budget was set to be £110 million, with an opening date pencilled in for 2019.
But now, as construction costs continue to skyrocket, the landmark complex is actually looking at a total cost of £210.8 million, which is almost double its original budget, and a completion date in 2023.
Councillors are expected to approve the renewed request for funding at an executive meeting next week – but local authority leaders say they hope “a significant proportion” of the costs will be recovered by selling the naming rights to the venue.
ADVERTISEMENT
Factory International is set to be a world-leading theatre, performance space, and cultural hub / Credit: Pawel Paniczko
MIF executive director Randel Bryan told the Council that the naming deal is expected to raise at least £25 million.
This is said to go above the total fundraising target previously set for the arts centre.
ADVERTISEMENT
“We’ve already had really advanced conversations with a number of leading brands that have been in excess of the £24 million mark,” Mr Bryan said.
“Those deals, for a number of reasons, are still being developed and are still in a pipeline, but it does show that there are sponsors and partners out there that are prepared to exceed our ambitions with naming rights.”
Factory bosses hope to finish the naming rights deal before the venue opens in 2023, with around 70% of the proceeds from the deal going to the Council directly and the remaining 30% to support MIF and the future of the venue.
When it’s finally completed, the complex will be programmed and operated by the team behind Manchester International Festival (MIF) to act as a permanent home to the roving arts festival, and it’s expected to create or support around 1,500 jobs, attract 850,000 visitors a year, and contribute around £1.1 billion to the economy over a decade.
Manchester City Council says the venue will be “inclusive and inspiring”, with plenty of free and low cost events and opportunities for Manchester people to get involved, both as participants as well as audiences.
Featured Image – OMA 24
News
Huge bakery chain Gail’s confirms move to Prestwich – but spells village’s name wrong in signs
Daisy Jackson
After months of swirling rumours, bakery group Gail’s has finally confirmed it’s moving to Prestwich – but locals have spotted a glaring error at the first hurdle.
The popular artisan bakery will be moving onto Bury New Road, right in the heart of the suburb and directly opposite the new Rudy’s pizzeria.
Prestwich locals have been hearing whispers of a Gail’s arriving for a few months, and finally the London-founded cafe has stuck up signs to confirm it’s on the way.
But the sign contains one crucial mistake – it’s spelled Prestwich wrong.
The red window displays now read ‘Hello Preswich. We’ll be baking here soon’.
One local messaged Gail’s to point out the error and to say it’s ‘not a great first impression for the locals…’.
Gail’s has since confirmed it’s in the process of fixing the signs.
The arrival of both Gail’s and Rudy’s has already caused a stir in Prestwich, which has always been fiercely independent and has only a handful of chains within it (Greggs and Costa are perched by the tram stop).
In fact, one local business-owner shared a moving statement about his concerns for the future of local businesses just a few weeks ago.
Gail’s has confirmed it’s opening a bakery in Prestwich. Credit: The Manc Group
First formed in the early 1990s as a wholesale-only operation, Gail’s opened its first cafe on Hampstead High Street in 2005.
Today the brand has more than 100 sites spread across London, Oxford, Brighton and further afield, and is known more as a customer-facing cafe and bakery.
It’s famed for its freshly-baked loaves, cinnamon buns, ham and cheese croissants and coffees, and is likely to go down a storm in Prestwich.
But the signs have been causing a bit of a stir in the wrong way this weekend – in a local Facebook group, one person commented: “Not locals who own it then.”
Another described it as an ‘epic fail’.
And one person said: “Oh the DRAMA of it all.”
Someone else joked: “I cannot wait for Gais to come to Preswich.”
Met Office issues snow warnings for large parts of northern England from this evening
Emily Sergeant
Greater Manchester could be waking up to a winter wonderland as weather warnings for snow and ice have been issued across northern England.
Expected to arrive anywhere from 6pm this evening (18 November) and last until around 10am tomorrow morning (19 November), the Met Office has issued a yellow weather warning for snow and ice for large parts of northern England – indicating that “snow may bring disruption to a central swathe of the UK during Monday night and Tuesday morning”.
Weather forecasters say that although most snow is likely to accumulate on higher ground, with five-10 cm on ground over 200 metres, and possibly 15-20 cm over 300 metres, there is a chance that snow may settle at lower levels “within the warning area”.
The Met Office also said that this possible five-10 cm at lower levels is likely to be “more disruptive”, particularly if travelling and if the snow coincides with rush hour, but the likelihood for that is still “uncertain” at this stage.
Greater Manchester could see snow from this evening as the Met Office has issued a yellow weather warning / Credit: Geograph | Pexels
As the rain, sleet, and snow begin to clear on tomorrow morning, ice may form on surfaces that are untreated.
“We have issued yellow warnings for snow and ice as cold weather moves in from the north,” explained Andy Page, who is a Chief Meteorologist at the Met Office.
“This brings snow showers and some ice to parts of Scotland on Sunday night, and then the potential for a spell of snow to lead to disruption to some transport routes across a central swathe of the UK on Tuesday morning.”
⚠️ Yellow weather warning UPDATED ⚠️
Snow & ice across southern parts of Scotland, northern England, the Midlands and north Wales
In addition to the severe weather warnings, a Cold Health Alert has also been issued by the UKHSA, and it covers the north of England and the Midlands right through until Thursday.