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Travelex boss pledges £10 million to the National

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Travelex founder Lloyd Dorfman has given £10 million to the National Theatre for its redevelopment project and the Cottesloe Theatre will be renamed in his honour.

The £10 million personal gift from Dorfman, who is the chairman of Travelex and sits on the National’s board, will form the “cornerstone” of the theatre’s £70 million fundraising campaign for the NT Future project.

Dorfman commented: “I am a huge fan of the energy and innovation the National has achieved in recent years and am delighted to lead from the front in supporting its NT Future redevelopment. I have been privileged to play a leading role at the National Theatre over the past eight years, in particular with the pioneering Travelex £10 Tickets season.

“Individual and corporate support is vital to building on London’s leadership in the arts and I hope others will join me in wanting to build on the National’s role at the heart of modern theatre and sustaining it long into the future.”

The donation is the largest ever made to the National and NT director Nicholas Hytner said “it is entirely fitting that his family name will be associated with an auditorium which often plays host to our most innovative work”.

The new Dorfman Theatre will be refurbished to enlarge its capacity and equipped for use as an education venue during the day as part of the NT Future plans. The adjoining public room to the venue will be named the Cottesloe Room, after Lord Cottesloe who was the chairman of the South Bank Board, which was responsible for the theatre’s construction.

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