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 Tower Hamlets stages Covid jab festival
- 2 Tyrese Omotoye impresses on O's trial as Ouss Cisse looks set to depart
- 3 Guilty: Who was jailed across east London in July?
- 4 From Shoreditch to Las Vegas: New bingo hall for Hackney
- 5 Campaigners oppose plans to change voting system for Tower Hamlets mayor
- 6 Tube strike suspended to allow for further talks
- 7 Vigil for June Harvey one year on from Bow crane tragedy
- 8 'Vexatious charges': MP turns on accusers after acquittal in fraud trial
- 9 Leyton Orient boss Kenny Jackett pleased with pre-season preparations
- 10 Win a pair of Carabao Cup tickets to Leyton Orient vs Queens Park Rangers
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.