City of London Corporation announces support for Centre for Music3:02, 12th January 2017
The City of London Corporation has pledged up to £2.5m in funding towards the production of a detailed business case for a Centre for Music in London’s Square Mile.
The Court of Common Council voted in favour of providing the money, which will be used to examine the viability of building the Centre on part of the 140–150 London Wall site.
The Corporation has agreed in principle to make the site available. It currently houses the Museum of London and Bastion House, but will become free when the Museum moves to a larger site at West Smithfield.
The detailed business case will be completed by December 2018, and will be reviewed periodically by the City during its preparation. A final decision on whether to progress with the project will then be taken by the City of London Corporation.
The partners leading the project – the Barbican Centre, London Symphony Orchestra and Guildhall School of Music & Drama – expressed delight at the news, adding: ‘Our vision and drive to deliver a world-class Centre for the 21st century that provides access to great music to the widest possible audience remains unchanged, and we are looking forward to working with the City of London Corporation to explore how this vision could potentially become a reality.’
Former chancellor George Osborne had allocated £5.5m towards the production of a detailed business case for the Centre for Music, but his successors withdrew funding in November 2016, arguing that the project ‘does not currently offer value for money for taxpayers and is not affordable’.
See also: ‘Rattle Hall is not dead in the water’