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City of Culture events may be cut back due to funding shortfall City of Culture events may be cut back due to funding shortfall
(about 2 hours later)
Some events at the City of Culture programme in Londonderry may have to be cut back because of a shortfall in funding. Some events at the UK City of Culture programme in Londonderry may have to be cut back because of a shortfall in funding.
To date, the income from sponsorship and ticket sales is much less than the organisers had expected.To date, the income from sponsorship and ticket sales is much less than the organisers had expected.
The City of Culture is one third of the way through its calendar of events. The City of Culture is one third of the way through its calendar of events.
So far the total funding committed to run it is £16.4m, with most of that money coming from the Department of Culture, Arts and Leisure (DCAL).So far the total funding committed to run it is £16.4m, with most of that money coming from the Department of Culture, Arts and Leisure (DCAL).
Up until mid-April, the cash raised in sponsorship was £436,000, while £186,000 was earned in income such as ticket sales and merchandising.Up until mid-April, the cash raised in sponsorship was £436,000, while £186,000 was earned in income such as ticket sales and merchandising.
These are significantly below the target figures.These are significantly below the target figures.
According to the body set up to deliver the calendar of events, the Culture Company, the projected target for sponsorship in the business plan put together for the City of Culture bid was £2.5m, and £2.7m for projected earned income.According to the body set up to deliver the calendar of events, the Culture Company, the projected target for sponsorship in the business plan put together for the City of Culture bid was £2.5m, and £2.7m for projected earned income.
With two thirds of the City of Culture 2012 still to run, a senior official from DCAL has warned "the anticipated income from sponsorship, tickets and merchandise and other funders which was set out in the original business case has not been realised".With two thirds of the City of Culture 2012 still to run, a senior official from DCAL has warned "the anticipated income from sponsorship, tickets and merchandise and other funders which was set out in the original business case has not been realised".
The Culture Company says the current short fall in its overall budget is £611,000. It is examining ways of dealing with the funding gap. The Culture Company says the current shortfall in its overall budget is £611,000. It is examining ways of dealing with the funding gap.
"The options include varying degrees of scale back on the Culture Company's contribution to the cultural programme and marketing budget," the DCAL official said."The options include varying degrees of scale back on the Culture Company's contribution to the cultural programme and marketing budget," the DCAL official said.
It is believed that none of the showcase events like the Turner Prize, the Walled City Tattoo or the All Ireland Fleadh Cheoil will be affected. The threat is greater to smaller peripheral events.It is believed that none of the showcase events like the Turner Prize, the Walled City Tattoo or the All Ireland Fleadh Cheoil will be affected. The threat is greater to smaller peripheral events.
Derry City Council asked the Department of Enterprise, Trade and Investment (DETI) for additional funding of £1.3m to bolster a city-wide marketing campaign, but was told to look elsewhere.Derry City Council asked the Department of Enterprise, Trade and Investment (DETI) for additional funding of £1.3m to bolster a city-wide marketing campaign, but was told to look elsewhere.
A DETI spokeswoman said: "The Department of Enterprise, Trade and Investment has already made a very significant contribution to the UK City of Culture, through the Northern Ireland Tourist Board, Tourism Ireland and Invest Northern Ireland.A DETI spokeswoman said: "The Department of Enterprise, Trade and Investment has already made a very significant contribution to the UK City of Culture, through the Northern Ireland Tourist Board, Tourism Ireland and Invest Northern Ireland.
"Any request for additional funding from the Executive would have to be routed through DCAL as the sponsoring department.""Any request for additional funding from the Executive would have to be routed through DCAL as the sponsoring department."