ACW

In September 2023 the company found out it had lost its £1.6m of core funding from ACW in its investment review.

ACW chief executive Dafydd Rhys said since the "difficult decision" was taken on funding, it had worked with the theatre "in terms of supporting them to reimagine and restructure to a model which is not reliant on core funding on a multi-year basis".

In a letter to ACW last October, the company warned it would close without its funding, and said at the time: "If lost, it will not be easily or affordably replaced."

ACW it said it had "agreed unanimously" that there were "no material factors" to warrant the review and reassessment of NTW's funding application.

But while ACW said the theatre's application for continued funding "did not convince", not all from its ranks were in agreement.