Saturday, January 11, 2014

Extended credit

The Manchester Evening News reports that the awfully nice BBC has allowed Salford Council to reschedule payments destined to support the BBC Philharmonic Orchestra. Part of the complex gavotte between the BBC, the Peel Group and the Council that secured Auntie as anchor tenant of MediaCityUK was an agreement that the local authority would cough up £20m over eight years for the band. Since 2008 that's been coming through at around £2m per annum, but the next payment will be down to £1m, as Salford attempts to ease cuts - with the schedule extended now to 10 years.

A BBC spokeswoman said:”The BBC tries to be a good neighbour to businesses and communities throughout Salford. Building on these relationships is important to help all of us fulfill the potential of Media City."

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