What happens if we cannot raise enough money to complete the project?

Posted by admin

We are confident that over an extended period we will be able to raise the necessary funds to complete the project. We have deliberately divided the project into a number of phases that give us the opportunity to deliver the works over a number of years.

Phase 1 – Cost £207,000 – Of this amount £56,000 fees relates to the professional fees incurred in the design of the scheme and planning applications and the remainder was the cost of refurbishing the Coach House building which was fully completed in early 2016.

Phase 2 – Cost circa £1m. –  involves the construction of the new accommodation block with a large dining hall which commenced in autumn 2016, and is expected to take 12 – 18 months to complete. Once this phase of work is completed indoor accommodation will be available for use on site again.

Phase 3 – Cost circa £600,000 – involves the refurbishment of the existing house. This is planned to follow in stages as funds are raised.  This work can be readily sub-divided into smaller phases allowing for completion over an extended period, if required.

Each phase of work will only be started once we have a clear view of the funding necessary to complete it.