Manchester's iconic new cultural venue to be named Aviva Studios, as Aviva, Manchester City Council and Factory International announce new partnership
Aviva,
The multi-million pound investment by Aviva, the
Programmed and operated by
Aviva will also work closely with
"Aviva is thrilled to be backing this new, world-class arts building in
"The new
The new building has been designed by the world-leading
With its waterfront location, the new building is the anchor of the new
The benefits
- The development of the venue has unlocked £106.05m of new public funding into
Manchester made up of £78.05mHM Treasury investment, and £7mArts Lottery - money that would not have otherwise been available for the cultural sector or the region - and £21mKickstart Capital from the Cultural Recovery fund, administered by Arts Council England.
- It is expected to add £1.1 billion to the economy of
Manchester 2 and the surrounding region over a decade, creating or supporting up to 1,500 direct and indirect jobs2 and providing opportunities for people of all ages and backgrounds.
- The creative industries are the fastest growing sector in
Manchester and the creation of the new venue will sustain and grow this vital sector even further.
- It will bring jobs, skills, training and creative opportunities as a major employer for the area. 152 permanent jobs have already been created for
Factory International since 2018, with more than 300 additional members working across Front of House, Technical, Production and Ticketing teams.
- It will also continue to provide significant employment opportunities for freelancers - engaging with approximately 2,000 freelancers when running the biennial festival and year-round.
The multi-million pound investment by Aviva was brokered on behalf of
"
"This will be a momentous year for the venue as audiences experience its wow factor and enjoy inspiring art in its incredible spaces for the first time. It has undoubtedly been a challenge to create this remarkable building with its unique design against a difficult construction context, including rocketing inflation, without diluting the ambitious vision behind it.
"The new partnership helps make this possible, as well as supporting
"Aviva has the credentials to be an ideal partner. We are looking forward to collaborating with them on this amazing venue and welcome the expansion of their existing commitment to
"This historic new partnership will provide vital support for the construction and future life of our landmark new home, building on the generous public funding support already pledged to the project. Aviva's values and commitment align with our own and we will also be working together on a range of initiatives, from sustainability to our £10 ticket scheme to ensure that our programme of work is accessible to all. They will also be principal partner on
"With the city council, we are all committed to strengthening
Sir
"We are delighted at the news of this major support from Aviva to the landmark new home of
Ends
Media Enquiries:
For Aviva:
M: 07385537458
E: [email protected]
For
M: +44 (0)7855 366502
E: [email protected]
For
M: +44 (0) 781 352 1104
E: [email protected]
Sources:
- The name (
Aviva Studios ) makes reference to the creative heritage of the site where the venue is located which includes theOld Granada Studios , the legendaryManchester landmark which was home for many decades to the likes ofCoronation Street , So It Goes, and The Beatles' first ever televised performance. - Economic impact assessment by specialist economic development and regeneration consultancy, Ekosgen.
Notes to Editors:
Aviva
- We are one of the
UK's leading Insurance, Wealth & Retirement businesses and we operate in theUK ,Ireland andCanada . We also have international investments inIndia ,China andSingapore . - We help our 18.7 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we'll be there to put it right.
- We have been taking care of people for more than 325 years, in line with our purpose of being 'with you today, for a better tomorrow'. In 2022, we paid £23.2 billion in claims and benefits to our customers.
- Aviva is a market leader in sustainability. The scale of our business gives us the ability to invest in community infrastructure and real estate, including healthcare, education, transport, housing, water and renewable energy. In 2023 we announced a goal to invest £25 billion over the next ten years into
UK infrastructure and real estate. Find out more about our community goals and action at www.aviva.com/sustainability/communities - Aviva is a Living Wage, Living Pensions and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Find out more at www.aviva.com/about-us/our-people/
- In 2021, we announced our plan to become Net Zero by 2040, the first major insurance company in the world to do so. This plan means Net Zero carbon emissions from our investments by 2040; setting out a clear pathway to get there with a cut of 25% in the carbon intensity of our investments by 2025 and of 60% by 2030; and Net Zero carbon emissions from our own operations and supply chain by 2030. Find out more about our climate goals at www.aviva.com/climate-goals and our sustainability ambition and action at www.aviva.com/sustainability
- While we are working towards our sustainability ambitions, we acknowledge that we have relationships with businesses and existing assets that may be associated with significant emissions. More information can be found at www.aviva.com/sustainability/climate/
- As at
31 December 2022 , total Group assets under management atAviva Group were £352 billion and our estimated Solvency II shareholder surplus is £8.7 billion. Our shares are listed on theLondon Stock Exchange and we are a member of theFTSE 100 index. - For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us
- The Aviva newsroom at www.aviva.com/newsroom includes links to our spokespeople images, podcasts, research reports and our news release archive. Sign up to get the latest news from Aviva by email.
- You can follow us on:
- For the latest corporate films from around our business, subscribe to our YouTube channel: www.youtube.com/user/aviva
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