Kingston's Liberal Democrat Council has reiterated its commitment to The Rose Theatre, and will continue its financial support.
The Council is now able to better appreciate the challenges that the theatre would face in surviving without council funding, while the Kingston Theatre Trust recognises the demanding financial context in which the Council is operating.
Councillor Andreas Kirsch, Portfolio Holder for Community & Governance on Kingston Council, said: “The Liberal Democrats worked very hard to bring The Rose to Kingston in the first place. We see the theatre as a great asset to the borough and remain committed to it.
“With the current contract coming to an end in nine months, we will take this opportunity to negotiate a new arrangement with The Rose that sees funding remain, but takes into account the financial challenges we face and places community benefits at its core, to ensure that cultural opportunities are available across the borough.
“I am looking forward to negotiating a new deal with the theatre in the spirit of partnership.”
Robert O'Dowd, Chief Executive of The Rose, added: "I welcome the commitment to financial support for the future of The Rose. I am looking forward to constructive discussions in a partnership to secure the future.”