Councillors in Wellingborough say it wasn’t an easy decision to wirthdraw its support for the charity that runs the Castle Theatre.
The local authority had originally been asked to back a plan to develop the facility and make it self-funding.
But, it’s terminating its contract after uncovering the state of the group’s finances.
In a statement to Connect FM, the Leader of the Council, Councillor Paul Bell said: “The Castle theatre was paid for by the people of Wellingborough and the council wants to see it survive and thrive.
It needs to be run well and the council cannot continue to use public money to fund a company which has shown such poor financial management.
Councillors made a very difficult decision, but I really hope that, by giving The Castle Wellingborough Ltd six months notice, the council will have time to find another way of running the theatre.
Many local people have expressed their support for a period of review and consultation about its future so that is what the council is proposing.”