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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 in Belfast 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. |
It aims to showcase the city's maritime and industrial heritage and 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. | 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. | "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." | "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. |