Troubled Leeds Grand Theatre to receive £653,000 bailout

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Leeds council is stepping in to bail out the city’s troubled Grand theatre to the tune of £653,000, in the wake of major funding problems and a continuing investigation into alleged fraud at the famed institution.

Council bosses are also set to re-examine the governance arrangements, and set an emergency plan in place, to save one of the city’s cultural jewels from potential ruin, something they admit could happen because of a large deficit which has been compounded by - as yet unproven - allegations of misappropriation of funds.

The YEP revealed earlier this year that the theatre, which dates from 1878, was at the centre of a six-figure fraud probe.

 

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