NSW government backs multimillion-dollar lifeline for Sydney arts hub Carriageworks

The arts institution, which is home to eight resident arts companies, had gone into voluntary administration in May

Sydney arts institution Carriageworks has been saved from administration after the NSW government backed a multi-million dollar lifeline from a group of 15 philanthropists.

The multi-arts organisation that operates performance and gallery spaces in repurposed 1880s locomotive workshops in Sydney's inner west owes more than $2m to more than 140 creditors, and went into voluntary administration on 4 May.