London’s iconic Shakespeare’s Globe Theatre has said it is facing closure because the coronavirus pandemic has had a “devastating” impact on its finances.
In a stark submission to a UK parliamentary committee, the 23-year-old institution warned that if it is unable to open its doors before September, it will require £5M ($6M) in urgent funding to avoid collapse.
“Without emergency funding and the continuation of the Coronavirus Job Retention Scheme, we will spend down our reserves and become insolvent,” Shakespeare’s Globe said in evidence to the Digital, Culture, Media and Sport Committee.
The theatre, a replica of William Shakespeare’s original 1599 Elizabethan open-air venue, said it has been unable to access Arts Council England funding due its size, while other government support schemes have not been enough to plug the financial hole blown open by coronavirus.
“We are a model for the non-subsidized arts sector that is well-run,...
In a stark submission to a UK parliamentary committee, the 23-year-old institution warned that if it is unable to open its doors before September, it will require £5M ($6M) in urgent funding to avoid collapse.
“Without emergency funding and the continuation of the Coronavirus Job Retention Scheme, we will spend down our reserves and become insolvent,” Shakespeare’s Globe said in evidence to the Digital, Culture, Media and Sport Committee.
The theatre, a replica of William Shakespeare’s original 1599 Elizabethan open-air venue, said it has been unable to access Arts Council England funding due its size, while other government support schemes have not been enough to plug the financial hole blown open by coronavirus.
“We are a model for the non-subsidized arts sector that is well-run,...
- 5/18/2020
- by Jake Kanter
- Deadline Film + TV
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