Sadler’s Wells Receives UK Government Culture Recovery Fund Loan

Sadler’s Wells statement on  their loan  from the Culture Recovery Fund being approved below:

It is with a sense of gratitude and hope for the future that we welcome the UK Government’s announcement that Sadler’s Wells has been successful in its application for a loan of £4,250,000 from the Culture Recovery Fund. The loan ensures the survival of Sadler’s Wells and enables us to start laying the groundwork for a full reopening.  

 By closing our theatres and vastly reducing the work we are able to achieve, the coronavirus crisis has taken away our ability to earn over 80% of our income.  

 The emergency support we have received from the UK Government and Arts Council England to date was intended to support our survival to April 2021. This loan is vitally important in supporting our ongoing operations and future recovery.  

 Crucial to this recovery is our ability to welcome people back to our theatres. We are very excited to be able to reopen to socially distanced audiences from 17 May, and these performances will be a hugely welcome first step. Full reopening is critical to our long-term survival and we are hopeful that we will be able to open completely, as set out in the UK Government’s roadmap, later this summer.  

 Artistic Director & CEO, Alistair Spalding and Executive Director, Britannia Morton said: “The Culture Recovery Fund loan ensures our continued survival and means we can look forward to welcoming audiences, artists, professionals and colleagues back to our theatres. We are very excited to be able to reopen with socially distanced performances, starting with our Associate Company English National Ballet’s performances of Reunion, from 17 May. We are grateful that this loan means we can continue to maintain our position as the nation’s dance house, supporting the dance sector nationally and internationally.”