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Last Updated: Friday, 9 February 2007, 15:29 GMT
Cash boost for Edinburgh festival
A fireworks concert at Edinburgh Castle
A fireworks concert brings the 2006 Festival to a close
The Edinburgh International Festival (EIF) has been awarded a total of 700,000 for its 2007 programme.

The Scottish Arts Council pledged 200,000, while the Scottish Executive is to contribute a further 150,000.

Edinburgh City Council has also agreed to contribute 350,000 towards the costs of this year's event.

Culture Minister Patricia Ferguson said the executive was also considering how to ensure the festival's longer-term financial stability.

Two years ago a cash crisis was averted after Event Scotland and Edinburgh Council provided emergency funding.

Ms Ferguson said the funding for the 2007 festival demonstrated real commitment to the event.

International competition

She added: "It is important that we consider the festival's longer term financial stability with the director and other key stakeholders, as recently recommended in the Thundering Hooves report.

"We are closely examining the report's recommendations about future support for all of Edinburgh's festivals to ensure their longer term survival and international competitiveness."

The report, by international consultants AEA, compared the city against more than 20 other festivals across the world.

It warned that Edinburgh's status as a festival city was under threat from international rivals.

Chief executive of the Scottish Arts Council, Graham Berry, said the EIF's 2007 programme offered opportunities to reach out to a wider audience.

He said: "Partnerships are central to the success of this type of initiative and we welcome the City of Edinburgh's commitment to considering the proposal, alongside the Scottish Executive's agreement that the plan merits our additional support from the Scottish Arts Council."


SEE ALSO
'Festival city' under microscope
30 May 06 |  Edinburgh and East
SNP make festival funding pledge
04 Jan 07 |  Scotland
Festival's cash crisis is averted
16 Feb 05 |  Scotland
Edinburgh festival in cash crisis
15 Feb 05 |  Scotland

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