A grant of £200,000 has been given to the National Youth Theatre (NYT) by the Arts Council to ensure the charity’s future is secure. NYT has struggled to meet this year’s fundraising targets like many theatre companies and arts organisations.
An Arts Council spokesperson said: ‘NYT has seen unprecedented growth in the last year, but unfortunately this has not been matched by its income, resulting in some financial difficulties for the charity.’
‘In recognition of the excellence of the work and importance of the NYT both to young people and the theatre sector as a whole, we have awarded a grant of £200,000 to enable it to meet current financial commitments.’
The Arts Council made it clear that this ‘extraordinary grant’ would be ‘conditional’, based on the changes that would need to be made to NYT’s operation to make it financially sustainable.
The National Youth Theatre was established in 1956 and claims that it was the ‘first youth theatre in the world’. Alumni include Helen Mirren, Colin Firth and Daniel Craig.
A spokesman for NYT said: ‘NYT, like many arts charities, is operating in a challenging economic climate and is currently experiencing some financial constraints. The Board and management are working closely with NYT’s major funders, including Arts Council England, to resolve these issues.’
The spokesman also noted that any students involved in any NYT activities this summer had no reason for concern about the developments: ‘National Youth Theatre’s summer acting and technical courses will not be affected by the current situation in any way. We’re looking forward to welcoming 500 new talented young people, from across the country, into our company this summer.’