When protecting the sheet, scroll through the options to the second page and check "Edit Objects"
But it is "all or nothing" - if you have other objects requiring protection then replace the existing textbox with an Active-X textbox (can be edited when sheet protected)
Developer Tab \ Insert \ Active-X TextBox \ Click on where to go in worksheet and drag to size required
If you cannot see Developer tab Right-Click on bottom half of menu ribbon \ Customize The Ribbon \ check Developer box in window on right
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