Jim Beirne MBE, Live Theatre, Newcastle upon Tyne Summary - - PowerPoint PPT Presentation

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jim beirne mbe live theatre newcastle upon tyne summary
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Jim Beirne MBE, Live Theatre, Newcastle upon Tyne Summary - - PowerPoint PPT Presentation

Sep 26, 2023 17 likes •530 views

Jim Beirne MBE, Live Theatre, Newcastle upon Tyne Summary Importance of context and collaboration Quality of output Time long game strategy Importance of Partners EU, ACE, City, Trusts Risk sitting with it - No

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Jim Beirne MBE, Live Theatre, Newcastle upon Tyne

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Summary

  • Importance of context and collaboration
  • Quality of output
  • Time – ‘long game’ strategy
  • Importance of Partners EU, ACE, City, Trusts
  • Risk – sitting with it - No Pain No Gain, Risk, Pain,

Reward, Gain, Pain!

  • Importance of the team
  • Asset Based approach - Long term engagement
  • Doubled turnover 2.3m, added 9m of assets,

Public sector reduced from 63% to 27%

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Economic Impact Assessment TRENDS 2009- 14

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NGCV’s independent, annual Economic Impact Assessment is produced by ERS and available online with other information about NGCV at http://ngcv.tv *Visitor spend in Newcastle and Gateshead area . Total additional visitor spend in the NE region was £7.3m generating 147 FTE jobs

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Many things over last 5 years

  • 10 organisations 17 buildings,
  • Economic Impact Study – over 6 years
  • Shared Services Tenders
  • Shared approaches to knowledge and training
  • Equalities Gold Standard across all 10 orgs
  • Collective Training – Skills Agency
  • The Unusual Suspects -Big Data Project – 500,000 records 20%

crossover!

  • Focus on C&YP - City of Dreams
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Culture & Economy…..and…

Any great city is built on the twin pillars of culture and economy Bringing value & transforming the city – Culturally, Socially, Economically

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From it’s base on Newcastle’s quayside, Live Theatre;

  • Creates and performs new plays of world class quality
  • Finds and develops creative talent
  • Unlocks the potential of young people through theatre
  • Future thinking – new models

Mission - New Writing Producer

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Co Productions

West End Tours

Olivier Nominations/Awards

International Best New Plays

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First Draft to Live Tales

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Social Enterprise

  • Looking to the future – new models of increasing income –

Social enterprises

  • Looked at what we had; our people, our ideas, our

buildings

  • We wanted to create long term income
  • Knew it had to be about building our asset base & creating

revenue

  • Cambridge University
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Social Finance Funds

  • Notion of using debt to build
  • From grant, to government finance, to soft loans, to

commercial loan/equity

  • Live Works - a mix of prudential borrowing and grant
  • Assets from 5-16m, income of £500,000 from 2019 – none of

which we had in 2010

  • And many steps…….
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Started with 4 Social Enterprises added others

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  • 1. The Broad Chare

Joint Venture with Cafe 21 Group

  • Live Theatre owned the lease now freehold
  • Raised £410,000 mix of grant and soft loan
  • Run by former Michelin star chef, Live receives

10% of turnover

  • Nets a play a year, £125,000 pa…..
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The Broad Chare

Michelin Star Restaurateur

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The Writers Block Scotch Eggs

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Nigella

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4 Bars/Restaurants

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  • 2. Beaplaywright.com
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  • 3. The Schoolhouse
  • Attached to Live Theatre, part of the group of

historic buildings

  • Raised £1m, Arts Council, European regeneration.
  • Generates an income of £35,000 as a small

business Cultural Hub

  • Combines creative talent and enterprise
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The Schoolhouse

SME Incubator

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The Schoolhouse

SME Incubator

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Live Works

SME office block, Park, Children’s Writing Centre, Endowment

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  • 4. Live Works – Cultural, Social

& Commercial Asset

  • Cost £11million - £5 m to purchase, £6m to build
  • NCC loan £6m, European grant £2.1m, fundraising £2.9m
  • Heading for net income of £300,000
  • Cultural, social, financial and political return
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)

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Risk, Pain, Reward, Pain, Stamina, Pain, Reward……….is it worth it?

  • Nothing is easy / Something will go wrong/ Can the team do it?
  • Creating a new model is easy to say………
  • Doing something different is really, really, hard – everyone is learning on the job…….including the

people that are supposed to know!

  • Do your stakeholders understand, does your staff your board, can you train them?
  • Projections and estimates are just that, and a shaky foundation to build on – but you just have to
  • Senior officers change - so do interest rates = pain + £75k pa less
  • Archaeology + construction + ransom = pain £200k
  • No design team is perfect – where it’s not perfect, it’ll cost
  • It is always more time and more expense = pain
  • Timing is everything, and it is never the right time
  • You are not in control of change, but if you don’t address change, it will control you
  • Are you good at living with uncertainty?
  • Nothing is easy / Something will go wrong/ Can the team do it? /Are you good at living with

uncertainty?

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What have we created

  • 300 people work in all our different buildings with 15-30m turnover
  • Leading digital designer
  • NEHB
  • Ecology
  • Swedish House Design
  • Barristers Chambers
  • HQ of Restaurant Chain
  • Project Manager and QS
  • Engineering firm
  • 4 restaurants
  • Created a Park and beautiful spaces
  • Restored historic buildings
  • New Children’s Centre 5000 kids so far and 150 volunteers
  • Net income and asssets
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Our audiences Our Youth Theatre Community of Artists & Students with Universities New Businesses: Schoolhouse New Businesses: Live Works Park Live Tales Newcastle & Sunderland Families Volunteers St Vincents & Head of Steam The Broad Chare and Charts Live Theatre’s Communities

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Culture & Economy

  • Transformed - and transformed this corner of the city, audiences, young

people, & artists

  • Restored ancient buildings given them a future
  • Engaged with many different communities and partners with the highest

quality work

  • From 2010 created £15m assets, by 2018 £500,000 income annually.
  • As a result we have many more relationships and deeper roots
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And finally…Cleveland Playhouse Square

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Cleveland Playhouse Square

  • 10 Theatres, 2,000,000 sq ft office space! 1,000,000 guests to 1000 performances a year.
  • In June 2017, Playhouse Square announced plans for a 34-story apartment tower with 319 units, a

550-space parking garage and 22,000 square feet of resident amenities. Construction is expected to begin in early 2018.

  • “I’m sure people will wonder why a not-for-profit performing arts organization is building a high-rise

apartment building, but this makes perfect sense when you consider that key components of our mission are to create an exciting district and drive economic vitality in the region. This investment is an example of our long- term real estate strategy, which is to build a working endowment to help secure the future of our historic theaters, and the entertainment and educational programs people enjoy in them.” - Jim Ratner, Chairman, Playhouse Square Board of Trustees

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www.live.org.uk

Twitter: @LiveTheatre Facebook: www.facebook.com/livetheatre