European Tobacco Heirs Fund Norfolk Theatre Revamp

European Tobacco Heirs Fund Norfolk Theatre Revamp

West Norfolk Council recently announced an £800,000 donation to renovate the historic Guildhall Theatre in King’s Lynn. This substantial contribution is part of a 1 million euro investment from the Hermann Reemtsma Foundation, a charity founded by the Reemtsma family, known for their connection to one of Europe’s largest cigarette manufacturers.

Background on the Reemtsma Family

The Reemtsma family sold the majority of their shares in the Reemtsma company to Imperial Tobacco in 2002 for £3.5 billion. Bernhard Reemtsma, an heir and director of the foundation, is one of the largest private landowners in Norfolk. He owns 8,400 acres of farmland, passed down from his father, Hermann-Hinrich, who acquired it in 1968.

The Reemtsma cigarette business originated in 1910, achieving notable growth during the Weimar Republic and Nazi era. By the mid-1930s, it was producing two-thirds of Germany’s cigarettes. Historians note that the company benefited from forced labor during World War II.

The Hermann Reemtsma Foundation

The Hermann Reemtsma Foundation was established in 1988. Its primary focus is on cultural and heritage projects. The foundation also supports Jewish communities in Germany and restoration efforts for historic buildings across Europe.

The Guildhall Theatre Renovation

The Guildhall project involves the renovation of Lynn’s St George’s Theatre, reputed to be the oldest working theatre in England. This venue is historically significant, as it is believed that Shakespeare performed there.

In a nod to their connection to the region, Bernhard Reemtsma expressed pride in the foundation’s charitable endeavors in Norfolk, a place his father cherished. The renovation of Guildhall Theatre is projected to exceed £30 million, with West Norfolk Council borrowing £16 million and securing £10.1 million from government bodies.

Despite initial estimates of £12 million, questions remain about attracting sufficient investment to complete the project. The council hopes to obtain further funding through the government’s Pride in Place programme, which is set to invest £20 million in King’s Lynn over the next decade.

Key Financial Details

  • £800,000 donation from Hermann Reemtsma Foundation
  • Projected renovation cost: over £30 million
  • West Norfolk Council borrowing: £16 million
  • Government funds secured: £10.1 million
  • Pride in Place programme investment: £20 million over 10 years

The collaboration between local authorities and the Reemtsma Foundation highlights a commitment to preserving the cultural heritage of King’s Lynn while also addressing the modern needs of the community.