Options Appraisal for Marina Theatre

Description

The consultant will be required to: 1. Review the current operating model for the Marina Theatre, including: - Governance and legal structure - Financial performance and funding arrangements - Staffing structure - Key partnerships (including other theatres located in the wider area) 2.Identify and assess alternative operating models, including but not limited to: - Option 1: No change to current arrangements: the Marina Theatre Trust continues to operate the theatre and receive the current grant from LTC. Option 1.a: The consultants should consider the effect of retaining the current management model but with the potential for any reduction in the level of annual grant based on a review of generated income. - Option 2: Bringing the theatre operation in-house under direct Town Council management - Option 3: Outsourcing to an established external theatre operator or commercial provider - Option(s) 4+: other options as proposed by the consultant 3. Evaluate each option against a set of agreed criteria, to include: - Financial sustainability and value for money - Governance and accountability - Staff implications and organisational capacity - Alignment with wider Town Council objectives and operations 4. Produce a final report that includes: - Summary of findings and insights - Detailed option appraisals with SWOT analyses and financial implications - Comparative assessment and scoring against agreed criteria - Risks and mitigation strategies for each option - Clear recommendations and rationale 5. Present findings to Council officers and/or elected members Deliverables • Draft option appraisal report • Final option appraisal report with executive summary and recommendations • Presentation of findings