Lottery Funding Secured and Crowdfunder Announced
- Mar 23, 2017
- 1 min read
We’ve Done It!
Margate Caves will reopen in 2019. Following a seven-year campaign, The Margate Caves Community Education Trust is delighted to announce that the future of the historic Margate Caves is secure, thanks to a confirmed grant of £1,115,700 from the Heritage Lottery Fund (HLF).
We announced our success in securing more than £420,000 in funds from the Big Lottery Fund last year, so the HLF grant award announced today takes the project total to almost £1.5million of funding raised by National Lottery players.
We are now launching a crowdfunding campaign, to raise the extra funds we need to support a programme of activity during the run up to reopening the Caves. Your pledges today will help us to run some events before our reopening, not just for people who remember the Caves – but also to introduce them to people who are too young to have seen them, or moved here since they closed.
You can be one of the first to pledge here.
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The successful combination of National Lottery funding and community crowdfunding for the Margate Caves project highlights a strong model for place-based regeneration. By securing over £1.5 million in funding alongside local contributions, the initiative demonstrates how heritage assets can be repositioned as valuable community and visitor destinations.
From a real estate perspective, projects like this typically act as catalysts for wider neighborhood uplift, enhancing footfall, supporting local businesses, and increasing the long-term attractiveness of surrounding properties. The inclusion of a visitor centre, community spaces, and landscaped grounds further strengthens the site’s mixed-use appeal and sustainable value creation.
Such fantastic news for the Margate Caves and the wider community, this kind of funding really shows how powerful long-term dedication and collective support can be in bringing heritage spaces back to life. It’s especially exciting that the project isn’t just about reopening, but also creating opportunities for new audiences to connect with the history before that moment arrives. Initiatives like this also highlight how community-backed investment models, such as Real Estate Crowdfunding, can play a meaningful role in supporting and revitalizing important spaces.
I'm truly impressed by how the community came together to restore a historical site like this. These kinds of connecting activities remind me of the feeling of playing Among Us where everyone interacts and bonds.