Manchester Pride has been put into voluntary liquidation – and the future of the event is now in doubt.
Artists and suppliers are owed money following this year’s event, according to an Instagram statement issued by Pride’s board of trustees.
Pride’s organisers cited rising costs, declining ticket sales and an unsuccessful bid to host Euro Pride as factors behind the decision.
The organisation is a charity and limited company that campaigns for LGBTQ+ equality and offers training, research, policy analysis, advocacy and outreach activities, as well as putting on the annual parade and live event.
The statement said: “It is with enormous sadness that we announce that Manchester Pride has started the legal process of voluntary liquidation.
“A combination of rising costs, which are affecting the entire events and hospitality industries, declining ticket sales and an ambitious refresh of the format aimed to challenge these issues, along with an unsuccessful bid to host Euro Pride, has led to the organisation no longer being financially viable.
“We regret the delays in communicating the current situation; however, we were keen not to jeopardise financial opportunities while our discussions were ongoing.
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“We were proactive and determined to identify solutions to the financial issues. We’ve been actively working with several partners, including legal and financial advisors, to do everything we could to find a positive solution.
“We had hoped to be able to find a way to continue, and, most importantly, to support our artists, contractors and partners.
“Despite our best efforts, sadly, this has not proved to be possible. We are sincerely sorry for those who will now lose out financially from the current situation.
“The volunteer board of trustees are devastated at this situation and sad to share that our staff team will be made redundant.
“We, along with the team, have put our hearts and souls into the celebration and community activities over two decades and are very distressed at the position in which we find ourselves.”
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“The Manchester Pride team have now handed over the details of suppliers and artists who are owed money to the liquidators who will be handling the affairs of the charity and contacting everyone.”
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Manchester Pride’s financial difficulties were first reported by The Mill last week.
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Last year, industry experts warned that without urgent intervention the UK looks set to see “the end of a clubbing era that has defined generations”.
Research found that in the last four years the UK had lost 37% of its clubs, which works out at about 10 clubs closing each month.
Sky News has previously reported how small, independent music venues have been closing at the rate of one per week and pubs have been shutting at a rate of one per day.
