When I was called by phone by the Old Vic, they said to me that they wish to be able to have Local Hero on their stage when the pandemia allows such a play with so many people on stage. I received today a mail from the Old Vic with their schedule for this year and, those plays between two and five people only. So they didn't schedule any big one yet.
The last date of their schedule is 9th July 2022 so, if there is any chance for Local Hero at the Old Vic, it would be starting in July, maybe August / September?
However, from all that was said at the time, I'm under the impression that the musical is going to move to other theatre. Most of West End ones have some musicals represented...
Let's hope that "Soon" is soon really.