Amateur Photographer magazine reports that more than half of the £4 million needed for the Media Space gallery at London's Science Museum will have to come from private sources. More importantly the project has been underwritten to full cost of £4 million by the National Museum of Science and Industry (NMSI) suggesting that if private funding is not forthcoming NMSI will pay for it anyway.
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 project team are working with the full £4m budget,' stated the NMSI, adding that it has so far spent '£620,000' on the development.
Media Space is due to open in Spring 2013.
For the full report see: http://www.amateurphotographer.co.uk/news/Most_of_Science_Museum_gallery_requires_private_funding_news_312057.html
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