More than 500, 000 people have been involved in making the festival work over the past 12 years
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The Vault Festival has announced its permanent closure due to funding challenges. Despite efforts to secure a new venue, the festival’s journey comes to an end.
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It is with immense sadness that we announce the closure of VAULT Festival and the cancellation of plans for our new London home, after failing to secure the funding required to continue. 🧵 1/8 pic.twitter.com/wlGNOvi7sE
The Vault Festival began in 2012, showcasing theatre, comedy, and performance arts in the underground of Waterloo station.
Over the years, Vault has provided a launchpad for emerging talents in London. CREDIT:Â VAULT
The festival faced setbacks exacerbated by the pandemic, culminating in the cancellation of its 2022 edition. Following this, its long-time venue decided to pursue commercial redevelopment, displacing the festival.
Despite plans for a new home, with fundraising efforts made, crucial funding for the festival failed to materialise.
In a public statement released on March 13, 2024, the organisers express sadness over the closure and its effects on their operations and staff.
The festival’s Co-founder and CEO, Andy George, told City News “The creative industry of the UK is more diverse because of our work over the past 12 years, and we’re proud of that.”
He adds that he feels an “immense amount of grief and sadness” for “what they lost” and the opportunities that “vanished” for those who worked with the festival.
George attributes the festival’s closure to “a series of systemic hurdles”, including “austerity measures, Brexit, and the pandemic.”
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HeadlineLondon’s Vault Festival to close after funding shortfall
Short HeadlineVault Festival to close as funding falls through
StandfirstSecond-largest UK festival suffers funding setback.
The Vault Festival has announced its permanent closure due to funding challenges. Despite efforts to secure a new venue, the festival’s journey comes to an end.
Listen to this article powered by AI.
It is with immense sadness that we announce the closure of VAULT Festival and the cancellation of plans for our new London home, after failing to secure the funding required to continue. 🧵 1/8 pic.twitter.com/wlGNOvi7sE
The Vault Festival began in 2012, showcasing theatre, comedy, and performance arts in the underground of Waterloo station.
Over the years, Vault has provided a launchpad for emerging talents in London. CREDIT:Â VAULT
The festival faced setbacks exacerbated by the pandemic, culminating in the cancellation of its 2022 edition. Following this, its long-time venue decided to pursue commercial redevelopment, displacing the festival.
Despite plans for a new home, with fundraising efforts made, crucial funding for the festival failed to materialise.
In a public statement released on March 13, 2024, the organisers express sadness over the closure and its effects on their operations and staff.
The festival’s Co-founder and CEO, Andy George, told City News “The creative industry of the UK is more diverse because of our work over the past 12 years, and we’re proud of that.”
He adds that he feels an “immense amount of grief and sadness” for “what they lost” and the opportunities that “vanished” for those who worked with the festival.
George attributes the festival’s closure to “a series of systemic hurdles”, including “austerity measures, Brexit, and the pandemic.”
