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Factory arts centre over budget again, taking total spend over £200m

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Manchester's new flagship arts centre will cost almost double what was budgeted for before work started with the total spend set to top £200m.

The Factory International project will require an additional £25.2m to meet rising construction costs, according to a report published today (October 3).

The arts centre which is being built on the former Granada TV Studios site is anticipated to attract up to 1.15m visitors a year when it opens in June 2023.

The unique building at the heart of the St John's regeneration area will be the permanent home of Manchester International Festival with events planned all year round, contributing an estimated £1.1bn to the economy over a decade.

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