Press Release Tuesday 5 March 2013
New partnership between artsdepot and London Studio Centre set to inject millions into the local economy artsdepot is delighted to announce that from September 2013, the higher education vocational dance college London Studio Centre will take up permanent residence at the North Finchley venue. artsdepot’s partnership with London Studio Centre will result in considerable economic benefits for the local area. LSC, previously based near Kings Cross, initially joined artsdepot on a temporary basis for the 2012/13 academic year with around 200 first and second year students studying at the venue. From September 2013 LSC will make North Finchley its permanent home and this number will increase to over 300 with third years joining their fellow students on site. The number of people coming through the venue every day (students plus audience members and visitors) is expected to increase to between 500 – 1000. An economic impact assessment suggests the partnership between artsdepot and LSC will deliver £4 million of annual spending within the London Borough of Barnet.¹ artsdepot opened in 2004 and went on to establish itself as one of North London’s leading arts centres. The venue almost faced closure following the complete removal of local authority support in 2011. artsdepot’s partnership with London Studio Centre helps create a sustainable financial model, securing the venue’s future. Tracy Cooper, Chief Executive of artsdepot said: “artsdepot has been on an incredible journey since opening in 2004. We’ve weathered the removal of local authority support, almost faced closure, and had worked hard to turn the business around when this opportunity arose. Now with our innovative new business model we can ensure we thrive, not just survive, and can say with some certainty that artsdepot will be here for years to come. “At a time when theatres and arts centres around the country continue to feel the paralysing effects of financial cuts in the arts, with many such as most recently Taunton’s Brewhouse facing closure, this partnership affords artsdepot the security to plan for the future and means we can focus on providing a diverse artistic programme of the very highest standard. “We’re delighted that London Studio Centre will be making artsdepot their home permanently. The staff and students have brought a real vibrancy to the venue. This partnership between an arts centre and a performing arts college is unique in the cultural sector and brings with it opportunities for both organisations to collaborate and share creative ideas.” Nic Espinosa, Director of London Studio Centre said: “We’ve loved the last year at artsdepot and are delighted to be remaining in North Finchley, establishing a new and unique partnership with artsdepot. We were immediately struck by all that the venue has to offer in terms of training and performance. Our partnership with artsdepot provides additional opportunities for the substantial development for LSC in the longer term, in a unique performing arts environment; we believe these exciting developments will provide LSC with the opportunity to enhance our position as one of the powerhouses of Dance Education.” The new sustainable business model ensures that artsdepot can focus on delivering its artistic programme of theatre, dance, comedy, music and family events, plus a host of participation activities, in addition to supporting the development of emerging artists and fostering artistic collaborations. The announcement comes at a very exciting time for artsdepot as the venue looks forward to celebrating its 10th anniversary in 2014. This year will also see significant developments in the area around artsdepot, following North Finchley’s successful bid for £1.1 million from the Mayor of London’s