Edinburgh International Festival Confronts Cash Crunch

Festival facing a #600,000 crisis as aid deal is delayed
PHIL MILLER [Herald & Times, 16 Feb 05]
This year’s Edinburgh International Festival was facing a cash crisis last night after the postponement of a #600,000 emergency funding package.
Last week, it emerged that Brian McMaster, director and chief executive of the EIF, had requested the money from Edinburgh City Council and EventScotland because the festival’s funding was “meeting the buffers”.
He warned that the event may have to cancel some of its programme of opera, dance, music and theatre without the money.
However, yesterday the executive committee of the council decided to postpone a decision on its #300,000 grant, which would, if agreed, trigger a further #300,000 payment from EventScotland.
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