The refurbishment, funded entirely by a £5m grant from the Monument Trust – a charitable body set up by the Sainsbury family – has allowed the Wallace to think about what goes where.
Any long-term financial transaction can be subject to market fluctuations and it is the case that the portion of refurbishment funds invested in equities has been subject, like all other such investments, to the fall in stock market values.
This is the so-called pirates prison, a cream-coloured fortress, officially opened in November 2010 after a $1.5m£950,00000) refurbishment funded by the UN, to contain the pirates convicted of hijacking at sea off the Horn of Africa.
A program of refurbishment funded by international donors has led to the introduction of automated liquid culture systems.
The new institute, to be fully operational in May 2005, has already secured £3 million funding from the Higher Education Funding Council for England for refurbishment, and funds for research will be raised through grant applications starting this September.
A post on Oblong's website this afternon welcomed the council's decision and said: "Our next step is to get funding for refurbishment from the Community Builders fund.
This in turn means that some universities will want to invest in building or refurbishment programmes or fund new teaching posts, in order to enhance their attractiveness to potential students.
Andrew Lloyd Webber has sold London's Palace Theatre in order to fund refurbishment on his London Palladium venue.
I have been invited to Gants Hill, previously just a name on the tube map, by the Heritage Lottery Fund to see a refurbishment they have funded.
At the Bristol Old Vic, we back artists who make us excited about what they might do next, from rap storyteller Jack Dean, creating Under Stokes Croft for the Bristol Ferment, to Mark Rosenblatt reinterpreting Wild Oats when we reopen our theatre after its publicly funded refurbishment this September.
