Capital Theatres has secured a £6.5m grant from the Scottish Government to help towards its planned £25m redevelopment of the King’s Theatre in Edinburgh.
The grant will be added to the £4m in funding already secured from the City of Edinburgh Council, along with additional loan funding.
The rest of the budget is currently made-up of donations from individuals, grants from trusts and foundations, support from companies and Capital Theatres’ own contribution from ticket income.
It is hoping to be provided with a grant from the National Lottery Heritage Fund, which is currently moving into its second stage, following Capital Theatres application to it.
The grant from Scottish Government also paves the way for a public campaign to fundraise for the remaining £3m.
The King’s Theatre opened in Edinburgh in 1906. The redevelopment will modernise the existing facilities, improving the experience for its visitors, local communities, performers and staff, while preserving its heritage.
The plans aim to ensure the theatre continues to function as a community hub for years to come. The project is set to start in September 2022, with the theatre planned to reopen in mid-2024.
Fiona Gibson, chief executive at Capital Theatres, said: “Far from losing momentum on the project, 15 months of closure has made us all the more determined to ensure the King’s Theatre can honour its illustrious past with a thriving future at the heart of Edinburgh and Scotland’s cultural life.
“There is, however, still a way to go to reach our financial target and we’ll be launching a public fundraising campaign later in the year.
“This last push will build on the generous support shown during our period of closure, so the people of Edinburgh and Scotland can continue to play their part by helping us secure the future of the King’s as a historical and cultural treasure.”
Culture Minister Jenny Gilruth said: “The King’s Theatre has been a jewel in Edinburgh’s cultural crown for more than a 100 years, with generations of audiences enjoying a rich diversity of shows from its annual pantomimes to world premieres at the Edinburgh International Festival.”
City of Edinburgh Council culture and communities convener Donald Wilson added: “The King’s has been a beloved Edinburgh theatre for over a century, programming the best in touring drama, hosting some of the most talented community and non-professional groups; and certainly the best in pantomime, as well as bringing all kinds of theatre experiences to the city from all over the country, including London’s West End.”
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