Bromley Council and BYMT agree way forward on funding
Published Wednesday, 25 February 2015
Bromley Council has agreed to make £153,000 of funding available to Bromley Youth Music Trust
Support will be maintained until 2017, through the provision of rent–free premises at their headquarters in Southborough Lane.
The joint solution agreed with BYMT will also see Council and Trust working together to identify possible other sources of funding and to see if this can be secured by 2017.The announcement came at Full Council on Monday 23 February following a suggested budget presented to the Executive on 11 February that outlined, among other savings, a withdrawal of funding to the Trust.
Council Leader, Cllr Stephen Carr said: “Bromley Council acknowledges that BYMT has a musical track record perhaps second to none across the UK, but in the light of the financial challenges faced by Bromley Council over the last few years and significantly into the future, we have to consider all non-statutory spending.
“I know that BYMT is highly valued in the borough and the council wants to continue to support the work of the Trust, but in the current financial climate it no longer seems appropriate to do so through the council’s revenue budget. We will, however, continue to work with BYMT to help identify and secure income from other sources such as the Arts Council, schools and potential commercial sponsors. We are confident that this joint solution will help BYMT remain a jewel in Bromley’s crown well into the future.
”BYMT Principal, Ian Rowe said: “Bromley Youth Music Trust fully acknowledges the position the council finds itself in. During recent discussions, which culminated yesterday, we have together found a joint way forward. We are pleased the council has agreed funding of £153,000 for 2015/16 and support through our premises. This gives us time to work together to seek alternative ways to boost our income so we can continue to enhance the musical talent of young people in the borough.”
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