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
Met Office gives verdict on how Storm Boelo aftermath will affect Greater Manchester this week
Emily Sergeant
Storm Boelo is finally on his way out, and now the Met Office has given its verdict on what we can expect from the rest of the week.
In the aftermath of two successive storms, Storm Austen followed by Storm Boelo – the latter of which affected Greater Manchester – the UK is now able to begin recovering from the effects of the adverse weather.
But the Met Office has warned that, although there is no named storm, strong winds and heavy rain will continue to affect parts of the UK early this week, before high pressure brings calmer conditions.
Yellow national severe weather warnings are in place for parts of Scotland and western areas of the UK today (Tuesday 27 October), including areas of the North West, as gales and spells of rain bring the potential for ongoing disruption around the region, particularly on exposed coasts and higher ground.
“The continued winds could hamper recovery efforts in some places,” forecasters also unfortunately confirmed.
⚠️ Strong winds and heavy rain continue across parts of the UK early this week with a yellow weather warning in place, before high pressure brings calmer conditions for many from Wednesday ⛅
Read our news release to find out more 👇
https://t.co/EQU4vvaA3B https://t.co/hpvTd8v7EZ
As rest of the week pans out though, conditions will begin to settle down and showers are expected to become ‘less frequent’, while winds also ease for most, although gales could continue for a time in the far north.
Thursday is expected be ‘largely dry’ with lighter winds and variable cloud, with a touch of mist and fog likely across parts of England and Wales during the morning.
From Friday and into the weekend, light rain will team up to potentially affect northwestern areas of England, but for the most part, temperatures are expected to remain close to, or slightly above, average for the time of year.
“From Wednesday, high pressure will start to build which will ease the winds and bring a quieter and largely drier end to the week for many, although some rain is still possible in the North and West,” explained Met Office Deputy Chief Forecaster, Steven Keates.
“However, with wind warnings in place, those in warnings areas, particularly in northern Scotland and western high ground, continue to be exposed to strong winds and heavy rain before the more settled weather arrives.”
Featured Image – The Manc Group
News
Popular pumpkin patch attraction describes ‘catastrophic’ impact of Storm Boelo
Daisy Jackson
Bates Farm, one of the most popular pumpkin patch attractions in the North West, has shared its heartbreak after Storm Boelo forced its closure on the busiest day of the season.
The Warrington-based family farm said the financial impact has been ‘honestly catastrophic’, after they had to cancel all tickets for Sunday.
Sisters Ali and Fiona Wilshaw, who run the farm, said it was simply not safe to allow members of the public onto the farm in the storm, with ‘crazy’ gusts of wind.
They later shared a video that showed their marquee was badly damaged and many footpaths turned to deep mud.
The sisters said they were ‘heartbroken’ to have to close at such a busy time, but stressed to followers that ‘your safety and our integrity will always come first’.
On Saturday, as Storm Austen and Storm Boelo chased each other across the UK, several people shared videos of themselves getting battered by the weather at Bates Farm.
And it’s pretty clear from that why Ali and Fi decided to cancel all tickets and close for the day on Sunday.
They wrote: “We have put in so much love, energy and investment putting on this event at this scale. The cost to cancel and refund everyone today on our busiest day of the season is honestly catastrophic, but business aside, your safety and our integrity will always come first.
“To think last night we were running round Tesco trying to stock up on milk and now we are in the depths of recovering the site to go again tomorrow. All emails and enquiries are being responded to as quickly as possible and we are doing our best to open up more available slots next week.
“We are being tested like never before, but pulling together in true force. Huge shout out to the whole team and Farmer Fi the absolute queen in any crisis.
“Thank you all for your patience and especially thank you to those who have sent such kind words and support, we are so grateful to have customers like you.
“We will be back tomorrow to enjoy the remaining of this tough season, we are putting in so many provisions with wood chip paths, undercover seating and an indoor barn to make your visit as enjoyable as possible. Ali & Fi.”
Anyone who had tickets to visit Bates Farm on Sunday will be refunded, and can book in for another date.
Bates Farm has safely reopened its autumnal experience and pumpkin patch today.