Old Vic secures future funding from the Royal Bank of Canada
London’s Old Vic has renewed a partnership with the Royal Bank of Canada, its main financial supporter.
The not-for-profit theatre receives no regular subsidy, and said it therefore relies on the partnership for its existence.
Year-on-year RBC is the Old Vic’s highest level corporate supporter.
RBC supports the Old Vic’s core programme of main stage work. Over the past three years it has enabled the creation of shows including Tim Minchin’s musical Groundhog Day. King Lear, starring Glenda Jackson and Girl from the North Country, which is running in the West End, also started life there.
Artistic director Matthew Warchus said the bank’s funding had been “crucial” to realising its artistic ambitions.
“To continue to offer an ambitious spectrum of entertainment without the financial safety net of public subsidy requires daring. It also requires support. RBC shares our conviction in the personal and social benefits of theatre as a force for good,” Warchus said.
Earlier this month PwC also renewed its sponsorship deal with the Old Vic, which will enable the continuation of its £10 ticket scheme.