Calls for inquiry into Cambridge Live bail-out rejected
Council pays £750,000 to rescue cultural trust in charge of CFF, rejects councillors’ demands for inquiry
News By | 31 January 2019
An inquiry into crisis-hit Cambridge Live, the trust which runs the Cambridge Folk Festival (CFF) and Cambridge Corn Exchange, will not go ahead. Concerns arose following a £750,000 bail-out from the council.
Last month, Cambridge City Council brought Cambridge Live back in-house, after the trust encountered persistent financial difficulties.
The Council granted a £500,000 support package to the trust in June last year, later followed by an additional £250,000.
The Liberal Democrats tabled an amendment calling for a full inquiry into the reasons…
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