The London Design Festival is in discussions with the London Development Agency over the future of its funding.
This year’s festival, which takes place in September, will be the last year that LDA funding – which totals £300 000 each year – is guaranteed under the current contract.
In a statement, the LDF confirms that ‘the current funding support by the LDA runs to March 2010’. It adds that ‘additional income is derived through sponsorship and from other organisations’. The LDA says, ‘No decisions have been made by the LDA regarding future investment in the LDF.
The LDA’s future investments will be based on an organisation’s ability to deliver the best possible benefits to Londoners and to ensure value for money.’
An audit of the LDF, carried out by management consultancy Strategem in 2007, said funding would be provided up to and including the 2009 event. The review looked at cost-effectiveness and how commercially viable it was for the LDA to support the festival.
At the time, Strategem said the LDF needed to ‘establish better working relationships and communications with stakeholders and partners’, and that the LDA and the LDF had to improve ‘the levels of communication’ between them.
The report further suggested concern over exemption from audit of LDF accounts, a practice which, it stated, ‘is not the norm for organisations with high levels of public funding’.