Rich Mix calls on Tower Hamlets council for cash bail-out
TOWN Hall bosses will be deciding next week whether to give a cash lifeline to the troubled Rich Mix arts centre to help keep it afloat. The troubled Bethnal Green s crisis-hit arts project has been forced to go cap in hand once again to Tower Hamlets c
TOWN Hall bosses will be deciding next week whether to give a cash lifeline to the troubled Rich Mix arts centre to help keep it afloat.
The troubled Bethnal Green's crisis-hit arts project has been forced to go cap in hand once again to Tower Hamlets council to ask for a bail-out to save it from going under.
The centre in Bethnal Green Road is asking for �500,000 to pay-off its looming deficit but council officers are also suggesting the Town Hall could hand over additional instalments over the next year that would amount to more than �2m.
The council's Strategic Development Committee will be discussing a possible bail-out on Monday night.
You may also want to watch:
According to a report which will be presented to the committee, the centre has already received �3.9m of funding from the council since it opened in 2006, including a loan of �850,000 which has not yet been repaid.
And in 2007, the centre was also forced to call on the Arts Council for some extra financial help despite receiving �700,000 from it every year.
- 1 Man, 19, stabbed in Stepney Green Park
- 2 Refugee fighting £2,850 claim in lettings agency dispute
- 3 Cyclist in critical condition after 'serious collision' in Bow
- 4 Shoppers queue for bread on opening weekend of new Wapping street market
- 5 Shops reopening after lockdown now fear council rent hikes
- 6 Jailed: Teenagers who left victim blind in one eye after train stabbing
- 7 Unmesh Desai: British Bangladeshi community is important part of the East End
- 8 Leyton Orient still not at the level top sides are says boss Jobi McAnuff
- 9 'Torrent of hate' stalker tweeted pictures of victim on social media
- 10 Patient group set up over allegations of 'poor care' at Royal London
Officers have given the committee four options to debate which would involve giving the centre some of the section 106 money from the 25-storey block of flats being built opposite on the corner of Bethnal Green Road and Sclater
The plans will be discussed at Mulberry Place from 7pm.