An additional £2.2m has been put aside by North Kesteven District Council to fulfil its aspirations to deliver a cinema in Sleaford.
By dedicating this new allocation within its £310m 10-year capital programme for targeted investments in projects District-wide, and adding to the £2.8m already earmarked, the Council has built a total fund of £5m.
This ensures that it can move forward as swiftly as possible when ongoing discussions with a potential operator are concluded.
Council Leader Cllr Richard Wright said: “We remain fully committed to our intention to deliver a new cinema for the area. Currently there are complex legal discussions underway with a potential operator to bring forward a fresh proposal that sits within a broader vision of regeneration.
“I am optimistic that we are not too far away now from concluding what are called Heads of Terms and so it is essential to have the funds committed and put aside for as soon as they are needed.”
In the five years since the Council outlined its previous proposals – put to an end by the Covid pandemic – the economic position of such a project has changed enormously, said Cllr Wright, but the Council’s position in seeing it as a significant benefit to the cultural and economic profile of the town has not.
“The realisation of a cinema remains a key objective within both the Sleaford Masterplan and the Council’s investment aspirations. Given the enthusiasm that is continually expressed for a cinema to be included within our regeneration vision, I am reassured that we continue to be doing the right thing by exploring opportunities to bring one to fruition,” he said.
Image credit: Stock.adobe.com/Mr. Music
