Edinburgh Festival Fringe Warns It Is Facing Insolvency Due to the Coronavirus Pandemic

The Edinburgh Festival Fringe has warned it is facing insolvency due to the coronavirus pandemic, Edinburgh Live reported. The stark warning was made by the Edinburgh Festival Fringe Society, which organises the August event and has so far made four staff members redundant, with 70% furloughed and all workers having their pay cut by a fifth. In a submission to Westminster's Culture, Media and Sport committee, the charity, which effectively facilitates the open-access festival, says it faces a shortfall of £1.5 million. The society begged the UK Government for an annual grant to 'provide an underlying stability to our charitable purposes and public good'. It presented the festival as crucial to the cultural life of the UK and crucial to jobs in the arts sector. Read more