Hull Set for Further £13m Investment in Latest Budget

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Chancellor George Osborne is set to announce that Hull will receive a further £13 million investment to boost it’s City of Culture year, according to Hull Daily Mail this morning.

The Chancellor is on a mission to secure more investment for what he calls, “the northern powerhouse” and as part of his plans, wants to give Hull the cash to secure a greater legacy post-2017.

It’s reported that Hull City Council will use the investment to fund the extension to Hull New Theatre (previously knocked back from Arts Council funding) and £8m towards “building a cultural legacy” in the city.

Mr Osborne is reported as saying: “I want to help Hull make the most of a wonderful opportunity next year to sell itself to the world as a great city of culture. This will create a lasting legacy for the next generation.

“That is why we are backing Hull with a £13m support package, in a clear signal of our commitment to support arts and culture in the Northern Powerhouse.”

The official budget announcement takes place today.

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