The Department for Culture, Media and Sport, (DCMS), announced this morning the 34 organisations to benefit from the newly launched Catalyst: Endowment Fund and Opera North is delighted to be one of the major recipients.
Richard Mantle, General Director, Opera North
"We are delighted to have been awarded a Catalyst Endowment Fund by Arts Council England, which offers Opera North a match funding award of £3m payable over the next three years. This is a strong endorsement from the Government that Opera North is one of the UK's leading arts organisations and a vital part of the cultural landscape of the north of England."
"Opera North's Future Fund was set up in 2008 and has already enabled the Company to maintain our investment in new productions and to create work for young people and families, such as Cautionary Tales!. The building of the endowment fund gives stability and offers increased opportunities for developing sustainable income streams in this tough funding climate for a company that delivers in excess of 250 performances and events each year nationwide. It will enable such work as the continuation of our commitment to the newly established 90-strong children's chorus, running outreach work with organisations such as Streetwise and supporting the critically acclaimed national tour of The Ring Cycle."
Cluny Macpherson, Regional Director, Arts Council England said: “The arts are a huge success story for England. They have a proven positive impact through creative economy, health and wellbeing, education and learning and so much more. This is why we have a goal to ensure that the arts are safeguarded, that they are sustainable, resilient and innovative. We want to make sure that vital public subsidy, which helps to attract private investors and supports artistic vision, is coupled with income from innovative fundraising and audience development activity to help us achieve that goal.
“Opera North have an excellent track record of raising funds from trusts, foundations, businesses and individual donors alike. What’s more, through their endowment award they plan to play a leading role in developing the fundraising capacity for the sector as a whole. They are a great example of how, through collaboration and shared expertise to help build resilience, the arts can thrive in a tough economic climate.”
The Catalyst Fund provides match funding proportionate to donations, in Opera North’s case on a 2:1 basis. The programme will run for 3 years allowing the Company to claim up to £3 million provided £6 million is raised from the private sector. The programme was announced today by the Rt Hon Jeremy Hunt MP, Secretary of State for DCMS and Michael Portillo, who chaired the decision panel.
Opera North is one of 18 arts companies to receive an award, and the only one in Yorkshire; at £3 million it is the largest single award to any organisation based outside London.