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City theatres hit by dramatic funding cuts

posted 2 Nov 2014, 09:11 by Tollcross Junction   [ updated 2 Nov 2014, 09:15 ]

Theatre bosses have warned that “damaging” funding cuts running to hundreds of thousands of pounds could reduce the Capital’s ability to perform on the world stage.

National arts quango Creative Scotland has announced nearly £100 million worth of grants up to 2018, but the main losers are the Royal Lyceum Theatre and Traverse Theatre, which face cuts of £212,000 per year and £108,000 per year to their respective grants.

The Lyceum, which will receive a £3m grant, will have to reassess its business model, said directors, who described the move as “a perverse punishment for acknowledged success”.