Finances
The Arts Centre’s turnover is in almost £4.5m, of which it earns 78% from a combination of its ticket sales, its commercial trading operations including cafes, bars, shops and conferences, far higher that the 45% average for most comparable arts facilities in the UK. It receives core revenue funding from the University, Arts Council of Wales and Ceredigion County Council. From a position of no funding by the Arts Council of Wales in 1986 the Arts Centre is now one of its major revenue clients receiving over £500,000 a year and has over the last ten years received almost £3 million for capital projects, a clear recognition of how far the Arts Centre has developed.
Read more about this topic: Aberystwyth Arts Centre