Theatre's Boost for Regional Economy
Byline: Kate Proctor Reporter firstname.lastname@example.org
ALEADING North East theatre boosted the region's economy by PS4.1m last year by staging more than 400 shows.
More people flock to Newcastle's Theatre Royal to see productions than theatres elsewhere in the country with audience capacity figures 10% higher than the national average.
The figures, released in the company's annual report for 2013/14, are a sign of the theatre's continued success despite a background of national cuts in the arts, according to chief executive Philip Bernays.
He said: "The year 2013/14 was a great success. We maintained our high levels of attendance and, as a testament to the strength of the staff team and their teamwork, renewed our Investor in People accreditation with flying colours.
"My thanks go out to our dedicated staff, our committed board of trustees, our sponsors, supporters, audiences and partners, particularly Newcastle City Council, who despite difficult times remain a bedrock."
Between April 1 2013 and March 31 2014 the theatre welcomed 42 visiting theatre, opera, ballet and dance companies, offered 48 productions and presented 409 performances to 337,447 people.
The average audience capacity was 69% per performance, which is about 10% higher than the national norm.
With a turnover of PS9.85m, the theatre supported 90 full time equivalent jobs across the North East and returned PS600,000 to Government in tax, national insurance and VAT. …