Page 589 - Royal Liverpool Philharmonic Coverage Book 2023-24

The Royal Liverpool Philharmonic Society (RLPS), which rents the Hope Street
landmark on a 100-year lease from the council, hopes fundraising activities can bring
in the same amount.

The Philharmonic Hall is home to the UK’s oldest continuing professional symphony
orchestra as well as a renowned choir.
Liverpool City Council said it only approved the 40-year loan after the RLPS
presented a "robust" business case.

The local authority noted that the charity "also has other funding sources which it will
utilise alongside the loan".

The council said the loan would "satisfy the conditions of [an] Arts Council grant
which requires additional funding to come from a public-sector body".

The total cost of the repairs could ultimately reach £2.25m.

The council said it would need full evidence that any further cash was “absolutely
necessary" to complete the renovations.

The loan will start to be repaid next year, and there is an option for RLPS to clear it
sooner if deemed "practicable”.