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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


  1. Jim Beirne MBE, Live Theatre, Newcastle upon Tyne

  2. Economic Impact Assessment TRENDS 2009- 14

  3. 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

  4. 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

  5. Culture & Economy Any great city is built on the twin pillars of culture and economy Bringing value & transforming the city – Culturally, Socially, Economically

  6. 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

  7. Co Productions West End Tours International Olivier Award Best New Plays

  8. First Draft to Live Tales

  9. Social Enterprise • Looking to the future – new models of increasing income – Social enterprises • Looked at what we had, examined our assets; our people, our ideas, our buildings • We wanted to create long term income • Knew it had to be about building our asset base & creating revenue

  10. 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

  11. 4 Social Enterprises + others

  12. 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…..

  13. The Broad Chare Michelin Star Restaurateur

  14. The Writers Block Scotch Eggs

  15. The Times

  16. 2. Beaplaywright.com

  17. 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

  18. The Schoolhouse SME Incubator

  19. The Schoolhouse SME Incubator

  20. Live Works SME office block, Park, Children’s Writing Centre, Endowment

  21. 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

  22. )

  23. Our audiences Our Youth Theatre The Broad Chare plus others … University Partners Artists & Caffè Vivo Students Live Theatre’s Communities Live Tales – Children’s New Businesses: Writing Centre Schoolhouse Park New Businesses: Families Volunteers Live Works

  24. 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

  25. www.live.org.uk Twitter: @LiveTheatre Facebook: www.facebook.com/livetheatre

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