Tonight the Scottish theatre industry gives out a great sigh of relief as 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.
With this news the Scottish Theatre Community can be rest assured that the curtain will rise on the Edinburgh King’s Stage once more.
Theatre Scotland 