Kaustinen wants to fix the company’s cash deficit, because getting on UNESCO’s list of intangible cultural heritage can bring an important role to the center.
The financial predicament of the Kaustinen Folk Arts Center is not abating.
The municipality is now directing a capital loan of around 250,000 euros to the company it owns. The municipal government will consider granting the loan at its meeting today, Monday.
The center’s financial predicament has been deepened by the general increase in prices and energy costs, as well as the event market, which has been silenced by the pandemic.
In addition, there is also the need to renovate the premises.
The finances of the Folk Arts Center are based on a loan of 200,000 euros previously granted by the municipality. Kaustinen municipality and Kehitys Oy own 93.5 percent of the company’s stock, i.e. the majority.
The municipality has supported the center’s finances before in the past 15 years.
The municipality anticipates that the Folk Arts Center will play a significant role in the future as part of UNESCO’s unique recognition. That’s why the Folk Arts Centre’s cash deficit needs to be taken care of.
Violin playing in Kaustis was accepted into UNESCO’s list of intangible cultural heritage last year. The ensemble also includes a folk dance.
In addition to concerts and cultural events, the Folk Arts Center also organizes film screenings.