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Titanic project fails in fund bid Titanic project fails in fund bid
(about 2 hours later)
A project which aims to attract thousands of tourists to the Titanic Quarter has lost out on £25m of lottery money. A project which aims to attract thousands of tourists to the Titanic Quarter in Belfast has lost out on £25m of lottery money.
The project failed to reach the final funding shortlist for the lottery's Living Landmarks Fund.The project failed to reach the final funding shortlist for the lottery's Living Landmarks Fund.
The signature project is to sit at the heart of the redevelopment of the Titanic Quarter.The signature project is to sit at the heart of the redevelopment of the Titanic Quarter.
Meanwhile, the Connswater Community Greenway project in east Belfast did make the final cut for the funding.Meanwhile, the Connswater Community Greenway project in east Belfast did make the final cut for the funding.
It would involve creating a parkway following the course of the river and other waterways through east Belfast.It would involve creating a parkway following the course of the river and other waterways through east Belfast.
It would connect a number of green spaces along the course of the river, making them more accessible to the local community.It would connect a number of green spaces along the course of the river, making them more accessible to the local community.
A final decision on its £23m bid will be taken in November.A final decision on its £23m bid will be taken in November.
HeritageHeritage
The Titanic signature project - showcasing the city's maritime and industrial heritage - is set to cost an estimated £90m.The Titanic signature project - showcasing the city's maritime and industrial heritage - is set to cost an estimated £90m.
This would come from a mix of public and private investment.This would come from a mix of public and private investment.
Tourism Minister Nigel Dodds said the decision left a large gap and he would now consider other sources for funding.Tourism Minister Nigel Dodds said the decision left a large gap and he would now consider other sources for funding.
Titanic Foundation chairman Brian Ambrose said the plan had been well pitched to fund managers and the decision was a setback.
"I think the team did a tremendous job in presenting the project and I'm disappointed we haven't been selected," he said.
"But as far as the project goes we dust ourselves down, we move on and we're still determined to deliver this project on time for the centenary in 2012."
The Living Landmarks Fund is expected to finance up to six projects across the UK.The Living Landmarks Fund is expected to finance up to six projects across the UK.