A new report has highlighted the economic contribution Sage Gateshead has made to the North East in its first ten years.
Since opening on 17 December 2004, Sage Gateshead has made a total economic contribution to the region of £283 million - almost three times (2.8x) the combined capital cost of Sage Gateshead’s building and all of the core revenue invested in the venue by the public sector over the last ten years.
The announcement comes as Sage Gateshead celebrates its 10th birthday and cements its position as one of the world’s great concert halls – with conducting legend Lorin Maazel having called Sage Gateshead’s Hall 1 “one of the five top best halls in the world”.
Anthony Sargent, General Director of Sage Gateshead said: “When we began this journey, one thing was extremely important to us – that we would ‘irrigate, not drain’ the local economy.”
“I am extremely happy now to have the evidence to show we’ve done just that. To have provided the region with jobs, opportunities and income on this scale (on top of all our artistic, educational and social contributions) is something we’re immensely proud of. Tyneside has really changed over the past decade. Thanks to everyone who comes to our concerts and education projects, and our hugely committed supporters at Gateshead Council and Arts Council England, we’ve been very proud to play our part in that incredible, widely admired regenerative process.”
Prepared by ERS Research and Consultancy, the economic contribution report shows Sage Gateshead has supported 632 FTE jobs in the North East and delivered more than £18million in visitor spend.
One of the country’s leading conferencing venues - in addition to its music profile - Sage Gateshead has generated more than £20million in delegate spend for the region and positioned NewcastleGateshead as one of the UK’s top business tourism destinations.
As part of its 10th birthday celebrations, Sage Gateshead has launched a birthday appeal with the aim of raising £4million by June 2015. If successful, Arts Council England will match every £1 raised with an additional 50 pence. For more information and to make a donation to secure the long-term future of Sage Gateshead, visit sagegateshead.com/support
To read a copy of Sage Gateshead, Economic Contribution: 10 Year Anniversary, please click here.
For more information about the ‘Sage Gateshead, Economic Contribution: 10 Year Anniversary’ report, please contact Elliot Elam Elliot.firstname.lastname@example.org