Fabric to use leftover £100,000 to help other industry issues

Fabric has released its latest transparency statement, revealing it has over £100,000 left from the #SaveOurCulture campaign.

Managing director Gary Kilbey wrote that talks are currently in place to decide how to use the money, but did say it'll go towards changing licensing and other issues in the industry.

"Today we offer our final financial statement that shows a substantial overage of over £100,000 that we are currently discussing how to manage. This is in a segregated account and will be available to fund not only our ongoing attempt to reform licensing guidance, led by Philip Kolvin QC, but also to assist other industry associated causes.

"We’re looking at several ideas including charitable status or a Trust to ensure proper financial governance of this large amount which is currently in a segregated account and all details of it will be reported monthly."

Ahead of the Farringdon club reopening on January 6, Kilbey also asked punters to adhere to the revised conditions which include life-time bans for anyone caught with drugs.

“Our longevity also relies on you our supportive clientele who we are so dependent on, we still need your help. We need you to come with the conditions of our reopening in mind and help us achieve a drug free environment. Come with respect for our zero tolerance policy and remember, there are no safe ways to take drugs.”

He also thanked everyone for contributing towards the £333,618 raised as part of #SaveOurCulture.

Read the full statement here.

Dave Turner is Mixmag's Digital News Editor, follow him on Twitter