Really Local Group brings independent cinema, music & culture to doorsteps across the UK.
Business overview
Location | London, United Kingdom |
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Social media | |
Website | www.reallylocalgroup.co.uk |
Sectors | Entertainment Non-Digital B2C |
Company number | 11050534 |
Incorporation date | 7 Nov 2017 |
Investment summary
Business highlights
- We have 5 operating venues; fully recovered from the pandemic
- Secured pipeline of further 6 venues all operational by 24
- Developments de-risked thru grants & capital contribution > £15m
- 2nd Seedrs campaign: raising £1m+ to develop portfolio & grow
Idea
Introduction
Really Local Group (RLG)'s mission is to put the" heart put back into the high street" by operating venues with cinema, music & community at their core.
With the imminent launch of the Ealing Project (ealingproject.co.uk), Ealing's 1st cinema in 14 years, RLG has 5 operating venues (Catford Mews, Peckham Levels, Hackney Bridge & Reading Biscuit Factory), all fully recovered from the pandemic & related restrictions.
RLG has secured 7 more venues, such as Sidcup Storyhouse, Throwley Yard: Sutton, Canning Town, Bermondsey & The Gramophone (EMI vinyl factory in Hayes), all aiming to open by 2024. We have ambitions to have 30+ sites by 2027.
Our pipeline is significantly de-risked through negotiated grants and capital contributions in excess of £15m, boosting ROI.
ESG is the heart of everything we do: we retrofit existing spaces and re-use materials; we are a Living Wage employer.

Monetisation strategy
RLG has a number of diverse revenue streams, which we believe gives our business a unique financial resilience:
• Cinema ticket revenue: our average price is £6.50-£7.50.
• Live music: By the end of 2022, we will have 4 bespoke live music venues with capacities of up to 400 people, allowing us to host concerts and other acts.
• Studios, maker spaces and co-working: over 240 businesses are based at our venues, where we charge a monthly rent.
• Food & drink: We stock a range of local goods and directly sell beer, snacks, coffee & everything in between (yes, popcorn too!) as well as offer concessions to local entrepreneurs where we take a revenue share.
• Special events: We hold a wide range of events, from late-night birthday parties to weddings and more.
• Pre-show advertising: We can earn c. £8k/quarter per cinema.
• Memberships: A range of memberships, from student to family. We have sold almost 2,500 in the past 12 months.
• Consulting: Monthly retainers to assist developers with their cultural strategies.

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