Science Museum photo gallery requires £2m in private funds
Due to open in spring 2013, the Media Space is expected to showcase a mixture of exhibits drawn from the National Media Museum in Bradford, West Yorkshire – covering photography, film, television and the internet.
Responding to a freedom of information request, the National Museum of Science and Industry (NMSI) told AP: ‘It is anticipated that over 50% of the project cost will come from private sources, such as corporate sponsorship and donations from individuals.
‘However, fundraising will continue through the life of the project and beyond to cover the associated costs.’
The NMSI – which says it has ‘underwritten’ the full £4m project cost – has indicated to AP that this figure is fixed, and will not change if costs escalate.
‘The project team are working with the full £4m budget,’ stated the NMSI, adding that it has so far spent ‘£620,000’ on the development.
The gallery attracted an initial budget of nearly £9m, but that was before a £2.8m Heritage Lottery Fund bid was rejected in 2009, reported the Guardian newspaper last year.
Earlier this month, Charlotte Cotton stepped down from her post as creative director at the Media Space.
Speaking at the San Francisco Museum of Modern Art, in April 2010, Cotton said that she was 'sure we won't raise all the money needed to do this project'.
However, the NMSI, which is overseeing the development, claims Cotton did not resign over funding concerns.
Project bosses maintain that Cotton stepped down because her 'vision for Media Space had been completed'.
Earlier this month, a spokesman for the project told us: 'The NMSI has funds in place to commit to opening Media Space in spring 2013… As with all major capital projects, Media Space is being delivered in phases.
'We are continuing to fundraise for additional elements of the build and the on-going programme.’
Picture: The National Media Museum in Bradford is expected to showcase some of its historic collection at the Media Space, which is due to open next year
Cotton did not quit over funding, claim Media Space bosses