The Factory Manchester, the flagship cultural venue for the North designed by world-leading architects Rem Koolhaas’ Office for Metropolitan Architecture (OMA), has been awarded major funding as part of Arts Council England’s announcements today.
The funding includes £7m capital from the Lottery fund and £9m annual revenue from 2018-22.
The capital funding will be paid to Manchester City Council. The total capital cost of the project is £110m comprising £78m Exchequer funding, up to £20m from Manchester City Council, the Lottery funding announced today and a minimum fundraising target of £5m.
Manchester International Festival, the operator for Factory, has been awarded £9.730m pa of which £9m is for The Factory and £730k is for the continuation of the biennial festival.
The Factory project is Rem Koolhaas’ Office for Metropolitan Architecture’s (OMA) first major public building in the UK led by project partners Ellen van Loon, Rem Koolhaas and David Gianotten. The beginning of enabling works on the building will be marked by a Groundbreaking Ceremony on 8 July 2017.