CAPITAL THEATRES IS DELIGHTED TO ANNOUNCE THAT THE KING’S REDEVELOPMENT CAN COMMENCE THANKS TO INCREASED FUNDING FROM CITY OF EDINBURGH COUNCIL AND SCOTTISH GOVERNMENT
- City of Edinburgh Council (by an additional £3m) and Scottish Government (by an additional £3.85m) have both increased their investment in the redevelopment of the King’s Theatre.
- On top of the £26.7m already raised, these pledges, along with additional fundraising since January, combine to £7.2m which accounts for the majority of the £8.9m funding gap which emerged last summer due to global conflict, changing trading routes and inflation.
- With this money in place the Board of Capital Theatres, the charity which runs the council-owned King’s Theatre, is confident to proceed with the transformational redevelopment. The remaining shortfall of £1.7m will be raised throughout the life of the project.
- This project is vital to preserve this beloved theatre for the Tollcross community, Edinburgh and Scotland making it a world-class venue which is accessible to all.
