The pending closure of Scottish Youth Theatre has been lifted thanks to the Scottish Government’s offer to match-fund pledges of financial support from the private sector, including investment management firm, Baillie Gifford. With this joint backing, the organisation has a foundation on which to achieve a long-term sustainable business model.
SYT will engage with experts from across the cultural and business sectors to build a model that is accessible and sustainable. The significant pledge of support from Baillie Gifford has enabled SYT to develop a funding partnership with the Scottish Government which allows the company to continue to deliver life-changing live arts experiences for young people in Scotland. SYT also welcome the offer from Creative Scotland to explore alternative funding routes.
Jacky Hardacre, Scottish Youth Theatre’s Chief Executive stated,
“With a future now secured for Scottish Youth Theatre, our focus is firmly on ensuring the nation’s young people have their own thriving national theatre company to engage with, be inspired by and to aspire to be a part of.
This solution would not be possible without the support from Baillie Gifford and a number of private sector organisations and individuals. Furthermore, the First Minister and Cabinet Secretary have shown a great willingness to explore every option for Scottish Youth Theatre and we are very grateful for their time and efforts and their clear commitment to youth arts in Scotland.
We have been overwhelmed and humbled by the support demonstrated by participants, alumni, parents, the creative sector and all-party political support who raised their voices in support of SYT. We would also like to acknowledge the continuing support of the youth arts sector who will be important partners in the coming months. A heartfelt thank you to them all.”
20th March 2018 By Scottish Youth Theatre