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Newcastle upon Tyne Economic Impact Assessment TRENDS 2009- 14 - - PowerPoint PPT Presentation
Newcastle upon Tyne Economic Impact Assessment TRENDS 2009- 14 - - PowerPoint PPT Presentation
Jim Beirne MBE, Live Theatre, Newcastle upon Tyne Economic Impact Assessment TRENDS 2009- 14 Many things over recent years 300,000,000 culture led regeneration over 20 years 10 organisations 17 buildings Economic Impact Study
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Many things over recent years
- £300,000,000 culture led regeneration over 20
years
- 10 organisations 17 buildings
- Economic Impact Study – over 6 years
- Shared approaches to knowledge, training &
diversity
- The Unusual Suspects -Big Data Project – 500,000
records 20% crossover
- Focus on C&YP – City of Dreams
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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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Culture & Economy
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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Mission - New Writing Producer
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
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Co Productions
West End
Tours Olivier Award 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, examined our assets;
- ur people, our ideas, our buildings
- We wanted to create long term income
- Knew it had to be about building our asset
base & creating revenue
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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, net income of £600k from 2018
- Equivalent to £30m endowment on current returns
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4 Social Enterprises + others
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- 1. The Broad Chare
Joint Venture with Cafe 21 Group
- Live Theatre owns the 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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The Times
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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
- Initial net income of £300,000
- Cultural, social, financial and political return
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Our audiences Our Youth Theatre University Partners Artists & Students New Businesses: Schoolhouse New Businesses: Live Works Park Live Tales – Children’s Writing Centre Families Volunteers Caffè Vivo The Broad Chare plus others… 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 £5-15m assets, by 2018 £1m income annually.
- As a result we have many more and deeper roots
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