Expansion funding

Budget costing for the overall development to expand the existing centre.

 

Total budget costing for overall development is in the region of  €700,000.  The development will be done in a number of stages over a period of  1-4 yrs.

 

The initial plan is to do phase 1 & 2, phase 3 in 2014, and phase 4 when additional funding becomes available.

 

Stages Scope Estimated Cost Time Scale
Phase  1
Phase  2
Construction of 2-storey shell.  Fitting & equipping of ground floor. €500,000 2013
Phase  3 Refurbishment of existing Hall. €100,000 2014 -2015
Phase  4 Fitting & equipping of 1st  floor. €100,000 2016

 

Funding: Phase 1 and 2

 

Source Secured Approved Grants being processed
Dept. of Health –Lottery Funds €100,000
HSE South   €60,000
Cork City Council   €20,000
Community Funding   €48,849
Cork County Council   €30,000
SECAD €150,000
Sub -Totals €228,849 €180,000 €50,000
Total revenue:       €458,849
Deficit:
                     €41,151

 

We will be launching a fund-raising campaign to raise the deficit of €41,151 to help finance the new extension to the existing centre. We expect to be able to raise this amount over a 24-month period.

 

 

Community Funding for new Extension

 

Churchgate Collections

€4,321

Fashion Show

€1,950

Ward Funds

€1,000

Open Garden

€2,689

Floral Demo

€1,150

Dunnes Stores Bag Packing

€1,980

Public/Community Donations

€35,759

Total

€48,849