Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
This report recommends exercising the
provision within the Hawth Theatre contract to extend the contract
for four years from February 1st 2022 until January 31st
Exempt Part B - By Virtue of Paragraph 3
Information relating to the financial or business affairs of any particular person (including the authority holding that information)
That the Cabinet approves
a) a four year extension of the Hawth Theatre Contract with Parkwood Leisure covering the period February 1st 2022 to January 31st 2026.
b) entering into a deed of variation setting out the revisions to the terms of the Hawth Theatre contract as listed in paragraph 5.2 of this report.
That Full Council is recommended to approve:
a) The allocation of a repayable Capital Grant of £400,000 to Parkwood Leisure to provide support towards costs incurred during the Covid-19 pandemic as a result of distancing measures imposed upon theatres, and
b) That the repayment of the Capital Grant occurs over the four year contract extension period.
Reasons for the Recommendations
The recommendation will enable the Hawth to continue trading over the remaining period of the contract and will provide stability of the local offer in the coming years when there is expected to be continued turbulence in the wider market.
The recommendation to extend the contract for four years will see a stepped reduction in the management fee and the introduction of a profit share mechanism which will support the Council’s Medium Term Financial Strategy.
Report author: Nigel Sheehan
Publication date: 09/02/2021
Date of decision: 03/02/2021
Decided at meeting: 03/02/2021 - Cabinet