THE Centre for Contemporary Arts (CCA) in Glasgow city centre is facing closure due to concerns over their finances. 

In a statement, the management team of the Sauchiehall Street venue said challenges caused by the pandemic and Glasgow School of Art fires had taken their toll on the business, the BBC reports. 

The centre, which was originally set up as The Third Eye Centre, is home to several cultural tenants who have been involved in discussions along with staff and programme partners over plans which will likely involve a temporary or partial closure "later this year". 

A spokesperson said: "In recent weeks, CCA has learned that our financial position, already under strain, is no longer viable, placing the organisation in unprecedented financial precarity.

"Despite our best efforts to continue delivering our programme of exhibitions and events, the strain on our financial model has become unsustainable."

They continued: "CCA has faced a series of profound challenges in recent years.

"The devastating fires at our neighbours, Glasgow School of Art, the extended closures due to the Covid-19 pandemic, and the loss of our Café-Bar tenants have all severely impacted our financial stability.

"Our immediate focus is now on securing CCA’s long-term survival.

"Discussions with the staff team, programme partners and cultural tenants have started this week regarding our future plans - likely to be a temporary or partial closure later on this year."