No backers found for Derry's Venue

Published Thursday, 24 October 2013
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The Venue in Londonderry, which was set up as a temporary space for events throughout the UK City of Culture year, will be dismantled in January, the Department for Social Development has confirmed.

No backers found for Derry's Venue
Elvis Costello has played at The Venue. (© Getty)

In September Minister Nelson McCausland, whose department funded the concert space, held an information session for potential investors interested in running the facility following the end of the City of Culture celebrations.

Only one potential investor showed an interest in taking over the venue.

However, they dismissed it as a viable profit making venture.

Minister McCausland said: "The Venue has made an important contribution to the success of the UK City of Culture 2013.

"However, The Venue is a temporary facility and from the outset it was planned that it would be dismantled in January 2014.

"As there is no appetite within the private sector to finance and run The Venue beyond 2013, my department will proceed with the plans to commence the dismantling works in January 2014."

The 2,000-seat pavilion, in the Ebrington area of Derry, was built at a cost of £5m.

It hosted the One Big Weekend and names such as Elvis Costello and the Dalai Lama during the City of Culture celebrations.

And in September campaigners, including local SDLP MP Mark Durkan, encouraged the private sector to help secure The Venue's future after 2013.

Sinn Féin Foyle MLA Maeve McLaughlin says she is disappointed following the announcement.

"Following the very successful 'One Big Weekend festival' I expressed the opinion that we needed to be making a case to retain this fantastic venue after 2013.

"The huge success of this and the many other hugely successful events including Fleadh events hosted in the Venue have shown what such a facility can attract."

© UTV News
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2 Comments
Ciaran in Derry wrote (174 days ago):
Derry is really good for the City of Culture
peter in derry wrote (177 days ago):
What an absoloute joke the money could not be found to keep the venue in derry! Im sure if this was the same case in belfast the money would be found fairly easy! How much are the loyalist protests costing in belfast again??? Near every event that took place in this the venue this year was at 100% capacity showing demand is there for such a place to have events. The venue has brought ppl not just from all communities but border counties as the nearest place to enjoy big events. The nearest place to see events on a large scale is...yes, u got it! Belfast! The place were there has been riots, protests, division and fear this whole year while derry has lit the torch for the north! But its kick in the teeth time and time again. There will be no city of culture legacy for derry after this year, just the same old high unemployment blackspot, none existent foreign investment. Joke joke joke! The legacy will be forgotten in no time!!
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