The Victorian Government yesterday announced additional funding of $6.2 million ($1.5 million per annum) for Victorian Opera. The increase will bring Victorian Opera’s annual government funding from its current $2.18 million to $3.75 million per annum for the next four years.
“Having successfully delivered the establishment phase, we are pleased that the Victorian Government is investing in the next stage of Victorian Opera’s development as it will enable us to address a pressing need to build capacity,” said Victorian Opera Chairman Michael Roux. “Currently, an incredibly high percentage of our performances and community events are delivered to full houses, and there is scope for growth in our Education and Developing Artists Programs,” he said.
“We’re proud that our audiences have voted with their feet by filling our theatres to the rafters, and proud too that corporate, philanthropic and individual supporters like John Holland Group and The Robert Salzer Foundation choose to work with us in increasing numbers. With this similar vote of confidence from the Victorian Government to keep on doing what we’re doing, we will work even harder,” said Mr Roux. “The increased funding, which will be applied across all areas of operation, will help us develop our current activities and give us the continued capacity to develop opera and provide more jobs in Victoria,” he said. “We are extremely grateful to the Victorian Government and Arts Victoria for their ongoing support.”
Victorian Opera’s 2008 Annual Report, which was released on Friday, recorded sold-out or near capacity audiences at all of the company’s 2008 events. The net result was an operating profit of $366,612. Audiences increased by 23% on 2007, box office income rose by 17% to $0.7 million, and sponsorship and patronage revenue increased by 18% to $1 million. In 2008 Victorian Opera provided work opportunities for 249 people.