The Royal Albert Hall in Lopndon today announced that it is facing heavy financial problems. On its website the hall says: « The Hall requires urgent public support to generate more than £20m to weather the COVID-19 storm and fulfil purpose of promoting arts and sciences for future generations. Despite Government references to the Royal Albert Hall as a “crown jewel” that must be saved, it cannot apply for any emergency grants within the £1.57bn arts and heritage sector rescue package.
The usually self-sufficient charity has already forgone £18m in income in six months since COVID-19 forced its closure. When the COVID-19 pandemic forced the Hall to close its doors on 17 March 2020, the Hall lost 96% of its income overnight.