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Maltings worth £1.9million annually to local economy

Mon 21 Feb

Maltings worth £1.9million annually to local economy - The Arts Mean Business in Berwick

A new study has found that The Maltings is worth £1.9 million pounds a year to the economy of Berwick and the surrounding region.

The figure was calculated using data gathered from Audiences North East, using the well-established Shellard formula which assesses a theatre's economic impact by reviewing the organisation's expenditure and the revenue that it injects into the local economy through purchases from local suppliers, salaries, associated expenditure by customers and the revenues generated through the visits of artists to perform at the venue, including accommodation and hospitality.

The Maltings currently receives £108,000 annually from Northumberland County Council. The theatre therefore generates £17.59 for the local economy for every pound in subsidy it receives from the county council.

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The Maltings is operated by The Maltings (Berwick) Trust Registered Charity No: 701194