City of Edinburgh Council’s bid to the UK Government’s Levelling Up Fund has been unsuccessful. This grant would have been a crucial contribution towards the funding gap for the King’s Redevelopment project caused by inflation, global conflict and changing trade routes.<br /><br />Capital Theatres, the charity which runs the King’s, has already raised £26m and must find the remaining £8.9m in the next 35 days, in time to sign over the building to the contractors, stay on track with the project, and avoid spiralling costs.<br /><br />The King’s is vital for the UK’s cultural ecology and is an important heritage community asset that brings significant social and economic benefits to Scotland’s capital city and beyond.<br /><br />If the money is not found, Capital Theatres cannot proceed with the redevelopment and will have to hand the keys back to City of Edinburgh Council who own the building.<br /><br />Without the redevelopment this Grade A listed building risks closing its doors for good. We are now working with the Scottish Government, City of Edinburgh Council and the UK Government to find this vital funding.
