STRATFORD FESTIVAL CHAIR ASKS FOR $8 MILLION IN FEDERAL RECOVERY FUNDING
The Stratford Festival is asking the federal government for $8 million in recovery funding through a combination of a grant and a loan.
Last month, the festival cancelled its 2020 season due to concerns that rehearsals and performances posed a risk of COVID-19 infection. That decision has led to a $20 million shortfall, according to festival board chair Carol Stephenson, who appeared via video before the House of Commons Standing Committee on Finance in Ottawa on Thursday.
The festival is committed to coming up with $12 million on its own but needs the government’s help to make up the difference, she said. READ MORE
STRATFORD FESTIVAL REQUESTS $8 MILLION FROM FEDERAL GOVERNMENT
The Stratford Festival has requested federal funding in the amount of $8 million to support the organization through its COVID-19 pandemic shutdown and subsequent recovery.
To support its eventual recovery from the COVID-19 pandemic shutdown, the Stratford Festival has requested an $8-million combination grant and loan from the federal government.
Presenting to the federal standing committee on finance Thursday evening, Carol Stephenson, chair of the festival’s board of governors, made an economic and cultural case for supporting the Festival through its unprecedented COVID-19 shutdown and the cancellation of its 2020 season.
“It pains all of us to be in this position,” Stephenson said. “It’s not our usual manner, and one that we will not become accustomed to. But because of the pandemic, our business model that has worked for decades has been turned on its head. Without ticket sales, the festival’s unique ability to be 94 per cent self-funding becomes a unique vulnerability, forcing us to turn to government for its very survival – and the Festival’s survival is vital.” READ MORE