Thursday 14 June 2018

Media Release: Cathedral Reinstatement Funding Welcomed

An application to the Lottery Significant Project Fund was made by Church Property Trustees (CPT) as owner of the site and to assist the Christ Church Cathedral Reinstatement Trust (CCRT), which was established to fundraise the shortfall of funds for the Cathedral reinstatement project.

CPT are pleased to advise that the Lottery Significant Projects Fund has allocated six million dollars towards the reinstatement of ChristChurch Cathedral.

The Lottery Significant Projects Fund grant is in recognition of the national importance of the building and its significance to Christchurch and to the Anglican Diocese of Christchurch.

“The Trustees are extremely grateful for the Lottery Significant Project Fund’s generosity and are looking forward to locking in other funding so that we can progress the reinstatement of Christ Church Cathedral,” says CPT General Manager, Gavin Holley. “It surely comes at the right time, with the details of the reimagined Square being released, and impetus building for new things to happen moving forward.”

In September 2017 the Diocesan Synod voted to instruct CPT to accept, under certain conditions, the terms of the Government offer to reinstate the damaged Cathedral in the Square. Since then work has focused on a number of matters, including CCRT and CPT reaching consensus on terms of a detailed joint venture agreement based on the commercial terms CPT had agreed with the government. Once the terms are in place, CPT and CCRT can focus on the establishment of the Joint Venture Company (JVC) to see through the physical reinstatement.

Moka Ritchie, Deputy Chair of CPT is delighted that this funding has been approved. “I would like to thank the Lotteries for this generous grant and also thank the staff of CPT for their excellent work in putting this application together. We are pleased that this grant will significantly assist CPT and CCRT in achieving the funding required for the Cathedral reinstatement project. It’s fantastic that it’s been approved just as we are in the process of seeking to finalise the terms for the joint venture agreement”.

© Scoop Media