Colston Hall awarded a further £5 million towards Transformation
West of England funding puts Colston Hall £5 million closer to our £48.8 million transformation target
We’re delighted that we are one step closer to hitting our fundraising target with news that the West of England Combined Joint Committee agreed to commit £5 million towards the completion of our ambitious £48.8million transformation into a world-class concert hall.
From June 2018 we will begin an ambitious transformation of our main auditorium and historic foyer building. Colston Hall is the region’s foremost large-scale music venue – with our facilities currently attracting 66% of audiences from across the West of England – but a chronic lack of investment for the past 60 years has left our building in urgent need of repair and renovation.
The West of England Joint Committee recognised the significant part Colston Hall plays in boosting the economy and tourism in the region and is investing in the project to ensure the redevelopment goes ahead. Funding will come through the West of England Combined Authority and Local Enterprise Partnership through the Local Growth Fund.
In September 2014, we launched a national campaign to raise the funds needed to complete the redevelopment. We have already made excellent progress towards raising funds, with commitments in principle from Bristol City Council, HM Treasury, Arts Council England and Heritage Lottery Fund Lottery Fund, but it has yet to reach its target of £48.8 million. The contribution will bring us substantially closer to our overall target.
Louise Mitchell, Chief Executive of Bristol Music Trust, said:
We are thrilled that the huge economic and social benefits of our project for the West of England region have been recognised and that the West of England Combined Authority and Local Enterprise Partnership is committing a significant figure to our transformation campaign. This mark of confidence from colleagues across the region means that we have now secured £40.9million towards this ambitious project, and that we are one step closer to re-opening a building of which the region can be proud”.
Steve West, Interim Chair of the West of England Local Enterprise Partnership, said:
This funding recognises the important contribution that the arts and culture make to the vibrancy of our region and to our economy, helping ensure that we are one of the best places to live in the UK”.
The transformation also promises to generate a significant economic return for Bristol and the whole UK. After completion of works in 2020, it is predicted that Colston Hall will be serving an estimated audience of 550,000 every year, generating up to £12.7 million in additional economic activity for the Bristol economy each year by 2040 – an increase of 8%. A recent report by KPMG confirmed that a transformed Hall could generate £412.5 million for the UK economy over the course of 20 years.
Alongside transformed main hall and Lantern areas, the redeveloped Hall will set a new national standard for music inclusivity, with the National Centre for Inclusive Excellence concentrating on raising attainment and aspiration for disabled musicians being housed in the new cellar spaces at the venue.