The official opening ceremony was held during the day and in the evening The Fair Maid of the West, directed by Trevor Nunn was staged in front of an invited audience.

Between January 2022 and April 2023 the Swan Theatre was refurbished as part of the Royal Shakespeare Company's £112.8 million transformation project.

The project also saw the installation of a new induction hearing loop, an upgrade to the sound and lighting infrastructure and the replacement of the air conditioning system which has enabled roof-space to be freed up, returning the capability for flying and hanging scenic items over the stage.

The Transformation project included new facilities and public spaces for the Royal Shakespeare and Swan Theatres – a Rooftop Restaurant with views over the River Avon, a Riverside Cafe and Terrace, the PACCAR Room exhibition space, a 36m high tower which provides circulation and outstanding views from its 32m-high viewing platform, a new public outdoor space, Weston Square, to connect the theatre with the old medieval town to the west, and a riverside walk which stretches from the Bancroft Gardens, past the theatre, towards Holy Trinity Church.

[2] Noted metalworker Antony Robinson, whose works appear in the Victoria and Albert Museum, designed and crafted the wind vanes and door handles of the theatre for the 1986 construction.