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Correction: Newcastle
David Fay from Newcastle Libraries has been in touch to provide a correction to an article I linked to and commented on yesterday that suggested that their PFI deal was soaking up nearly a third of their budget. The correction reads:
“The net annual cost to Newcastle City Council of the City Library and High Heaton Library is £155,579.25 as we receive credits of £3,200.149 from DCMS in the form of an annual grant which is payable during the length of the project.
CIPFA returns show that the City Library is once again the most visited library in the North East and the fourth most visited in the country”
David Fay, City Libraries’ Manager
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about 11 years ago
This was my mistake, I should have put a bit in about the lions share of the PFI monthly payment coming from the DCMS and not directly out of the Newcastle library budget. It is of course all taxpayers money but I should have made that clear in the post.