How is the Risk Value arrived at?

This value has been arrived at by assessing a rating of 0-3 according to the number of high medium or low levels of risk according to the following criteria:

  • Threat through sale or change of ownership
  • Difficulties in obtaining capital or revenue funding
  • Poor quality of operation threatening the continuing or future theatre use of the building
  • High cost of maintenance or refurbishment works
  • Local development adversely affecting access to the theatre or restricting future expansion / improvements
  • Threat of demolition
  • Alteration to another use—particularly where this involves a Change of Use Class
  • Threat to the building fabric, e.g. decay of a building not in use or the removal of significant features
  • Threat to the theatre fabric, i.e. irreversible works which may prevent a return to theatre use, or damage to (or removal of) specifically theatrical materials.

A further ‘Star Rating’ of 0-3 is also applied which makes a qualitative judgement on the importance in terms of its:

  • Theatrical quality—for example excellent sightlines, acoustics, warmth, facilities
  • Architectural quality
  • Historical significance
  • Uniqueness—in relation to the provision of working theatres within the locality.

The risk rating and the star rating are added together to give the total ‘Risk Value’.