Rutland Kino cinema project secures £1m
A project to open a cinema has reached the half-way point towards its £2m investment target.
Rutland Kino is the innovation of Andrew Robinson, the retired chief executive of Harkness Screens, and former Oakham School pupil Genevieve Margrett.
They aim to bring a two-screen boutique cinema with a café, bar and lounge to the Victoria Hall in Oakham High Street.
“There has been such a positive reaction to the idea since we announced the plan a couple of months ago, which has been so encouraging,” said Genevieve.
“It’s been fantastic to talk to residents about what they would like to see from the space, and discussing everything from film choices to accessibility needs and additional community opportunities.It has also been heartening to hear from many potential investors.”
The Rutland Kino directors hope to hit their fundraising target by the end of September in order to move their project to the next phase.
This will put it on track to open in late 2022.
Andrew said: “Rutland Kino should appeal to people looking for an equity investment opportunity which can also benefit their community.
“The business is registered under the Enterprise Investment Scheme, which offers substantial tax benefits to investors.
“Ideally, individual investors will commit £50,000 but there is a place for smaller investors.
“For those interested there is a comprehensive business plan.”
Anyone interested in the project can visit www.rutlandkino.co.uk