The theatre is being restored by the Manoel Theatre Restoration Committee. Previous restoration attempts done in the 1970s were heavily criticised, with the removal of a balcony and the reinforcement of old stone with new masonry. The first phase of the new restoration took place in 2003, and included the restoration of the paintings on the frontispiece of the auditorium boxes. In 2004, the auditorium was restored by a team of "Sante Guido Restauro e Conservazione di Opere d'Arte," who unearthed paintings that will allow the understanding of the theatre's development. This second phase included the cleaning of the gilt. The third phase included the restoration of the proscenium arch and the boxes it incorporates, while the fourth phase of the restoration project was the ceiling’s restoration, which was inaugurated on 3 October 2006. Although controversial, an application to restore the theatre's façade was approved by Maltese planning and heritage supervisory bodies and was restored in 2017.