It's going towards revamping its buildings and facilities.
Part of the money will be used to build a balcony in the main auditorium to increase its capacity and there'll also be improvements to its bar area.
Part of the Phoenix will also be converted into a new digital cinema and screening space.
Councillor stands under trees to stop chainsaw massacre
Emergency preservation order now in place
Three years jail for charity box thief
And he can't eat in McDonald's for eight years
Spat over whether 'inadequate' children's services are as bad as MP suggests
Exeter's Steve Race believes they are in 'last chance saloon;
Totnes market not opening in Christmas week
Most traders don't want to do it
Torbay adult social care rated 'good'
'Our vision is for thriving communities where people prosper'
Hospitals brace for Junior Doctor strikes
From frontline to picket lines
