Boston United are edging closer to securing funds needed for their long-awaited new stadium.
The Football Foundation’s Football Stadia Improvement Fund has given the National League North club a grant of £250,000 to go towards the new development.
The stadium was originally estimated to cost £8.5m, but that figure has risen to approximately £11.5m and chairman David Newton is hoping another multi-million pound bid comes off.
“We’re just waiting to finalise the funding through the Housing Infrastructure Fund,” he told the Boston Standard. “Last February we were shortlisted for funding of £3.5m for the Quadrant development, and some of the funding can be used towards the stadium.
“We are currently going through the due diligence process on that and are hoping to have it finalised soon.
“We are also finalising a bid to the Premier League and FA Facilities Fund for funding towards the 3G pitch and associated changing, parking and community facilities. Commercial sales are also progressing.
“Things are now dropping into place, with the view to recommencing structure work on the new stadium in the near future. We need every element coming into the the project, costs have increased to over £11.5m and the longer we wait the more the figure goes up.
“The sooner we push the button the sooner we can fix the prices.”
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