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PRIVACY
Economic Development

Overseas interest sees CBSO revenue rise

The world-renowned orchestra heads east this week as it continues its busiest touring year in its history which has brought in much-needed income

The CBSO performing at Birmingham Day

Demand from thousands of miles away has boosted the balance sheet of the City of Birmingham Symphony Orchestra against a tough funding backdrop.

The world-renowned orchestra heads east this week as it continues its busiest touring year in its history, with no less than 38 dates in more than eight different countries.

As dozens of musicians leave on Saturday for a tour of Germany, Taiwan and Japan, the CBSO will see a turnover of about £2.1 million from performances abroad in the financial year to March.

So while arts funding cuts have made things tough in the sector, the not-for-profit operation expects to see turnover rise by 15 per cent to £9.6 million this year – with public funding accounting for only 37 per cent.

The rise comes amid expansion plans for the CBSO, which received £1.5 million funding to improve its city centre base.

Chief executive Stephen Maddock said: “This is actually the busiest touring year we have ever had. We will have done a total of 38 performances outside the º£½ÇÊÓÆµ by the end of our financial year in March. We will have been to Germany, France, Belgium, Switzerland, Taiwan, Japan, Luxumbourg and Austria.

“The March tour is 15 concerts in 17 days – that is really tough.”

Mr Maddock said the CBSO is one of the very few large scale orchestras which gets less than half of its money through public funding.