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Muckle supports Tyneside Cinema with £700,000 funding boost

20th Jun 2024 | Banking & Finance | Charities & Social Enterprise | Real Estate | Real Estate Finance
tyenside cinema

We’re delighted to have supported Tyneside Cinema as it secured six-figure funding from the North East Social Investment Fund, managed by Northstar Ventures.

The independent cinema, a North East treasure, which previously faced the threat of closure, has said the £700,000 loan will be used to fund a "major turnaround plan" for the venue.

Chief executive officer Nic Greenan called it a "new beginning" for the cinema.

"Securing this funding gives us the solid foundation which we need to not just continue the Tyneside’s incredible history but to build a vibrant and exciting future," she said.

"Since I joined the Tyneside, I’ve been absolutely bowled over by the love people have for this place and the passion they have for what it does – there really is nowhere else like it."

The funding will help to secure the immediate future of Tyneside Cinema with the venue also looking at additional funding to assist in its plans to expand its activities in the community.

Legal support

Tyneside Cinema was supported with banking advice from Sarah Farish (associate) and Manal Ahmed (solicitor apprentice), and property finance advice from Gail Bennett (partner) and Kate Rickett (associate).

Sarah said: “We are delighted to play our part in helping Tyneside Cinema with this transaction. The cinema is an arts and culture landmark in Newcastle City Centre and this investment is major step in securing its future. There are exciting plans in the works, endorsed by the confidence shown in the business by the North East Social Investment Fund. We wish Nic and the team every success.”

For help and support, please contact Sarah Farish on [email protected] or call her on 0191 211 7898.

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