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July 20 2009
A Lighthouse spokesperson could not guarantee that there would be no redundancies but said: “I don’t know where that figure is coming from, until plans are finalised by the board of directors nothing is set in stone.
“There is a process in train at the moment, looking particularly at income streams, with a range of proposals being looked at to ensure we balance the books.
“The outcome of this review will be made public in four to six weeks.”
The Lighthouse cites their charitable status as a factor in impairing cash flow, it means they cannot seek a commercial loan and must balance the books each and every year.
Funding arrangements are further complicated as the Lighthouse building is run on behalf of Glasgow City Council who gave the Lighthouse Trust a £250k loan to clear a deficit last year.
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