12:40pm Tuesday 19th January 2010
By Emily-Ann Elliott
Pride has been bailed out by the council after failing to raise the £50,000 it needed.
Just £14,080.71 has been collected for the annual Brighton event since it launched a fundraising appeal in August.
But after the organisation made cost-cutting measures of about £11,000 and were given a commitment to pay by one of last year’s sponsors, Brighton and Hove City Council has stepped in with a loan of £20,000.
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Pride’s acting chairman Robert Clothier said: “With our financial position secured, any uncertainty about this year’s Pride that there may have been is now over.
“We are committed to working with our new production company, Fisher Productions, all our other contractors, local LGBT businesses and community groups to make this year’s Pride festival better than ever before.”
A council spokesman said: “This short-term bridging loan is to support the restructure of the Pride event as they deliver their 18th Pride in 2010.”
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