Tuesday, 5 August 2014

City supports project to boost investment

Parramatta City Council has entered into a partnership to evaluate the economic case for increased investment in cultural institutions and events in Western Sydney

The other partners are Liverpool City Council, Penrith City Council, Sydney Business Chamber and Sydney Business Connect.

The Western Regional Organisation of Councils (WSROC) will be asked to participate..

The project will consider the regional context, regional events and facilities, and evaluate of regional opportunities including identifying factors for success that should be considered in making investment decisions.

Parramatta City Council will allocate up to $20,000 towards the cost of the project, given the relevance of this research to council’s plans for development of Riverside Theatres and establishment of a resident theatre company.

Other reasons for the support include strategic objectives requiring increased investment in both the arts and events.