Page 591 - Royal Liverpool Philharmonic Coverage Book 2023-24

The society has approached the local authority for a loan of up to £2m to fund
significant repairs. The art-deco style building is situated on Hope Street and

has been since it was rebuilt in the 1930s following a major fire.

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It is home to the UK's oldest continuing professional symphony orchestra as

well as its choir. The significant cash injection would be repaid over 40 years.

Documents released by the city council said the funds were only agreed on the
production of a “robust” business case.

The documents said: “The Royal Liverpool Philharmonic Society also has

other funding sources which it will utilise alongside the loan which includes

Arts Council grant. The loan will satisfy the conditions of the Arts Council
grant which requires additional funding to come from a public sector body.”

The amount of the loan will be subject to successful fundraising by the society,

meaning the full £2m may not be required. In the first instance, the loan will

be limited to £1m with full evidence needed that any further cash is
“absolutely necessary” to complete the work.

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The decision document outlined how without the loan, the Hall would “fall

into disrepair and be unusable for the activities to which it has been

provided.” The total project cost is expected to reach £2.25m.