“Bergische Symphoniker” make a new funding deal

The German orchestra „Bergische Symphoniker“ based in the cities of Remscheid and Solingen had been in dire straits in 2013. Even a bankruptcy was an option.

Logo_Bergische_Symphoniker

Today sky seems bright: Both cities, two local public banks and two friends-of-the-orchestra clubs have established a new orchestra foundation, as local media report. This foundation shall support the orchestra activities additional to the public funding from the two cities and the federal sate of North Rhine-Westphalia.

This is another good business model for a symphony orchestra (in an almost public funding environment): 1. Public funding, 2. Earned income (ticket sales etc.) 3. Foundation support.

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