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Fowlmead Country Park was developed in conjunction with SEEDA, with £18.8m funding from English Partnerships as part of the National Coalfields Programme.
On the demise of SEEDA, it presumably passed to the Homes & Communities Agency who ultimately "sold" it to Hadlow College.
According to note 11 to the College's 2017 accounts and I quote
"The College acquired the freehold land and buildings of the Old Betteshanger Colliery site from the Homes & Communities Agency on 27th July 2013. The land and buildings were valued on an existing use basis as owner occupied by the College, by Strutt & Parker LLP as at 31st July 2013 in order to
account for the gift
as follows: Land £3,750,000 Buildings £375,000".
So it appears the asset was acquired for nothing...
As for the £40m funding it appears from a variety of press releases and other sources:
£5m from Homes & Communities Agency
£2.5m from the Coastal Communities Fund
£1.5m from the Heritage Lottery Fund (specifically for Kent mining museum)
£0.5m from the Garfield Weston Foundation (specifically for Kent mining museum)
£1m raised by The Kent Mining Heritage Foundation (specifically for Kent mining museum)
£25k from the Foyle Foundation
£18k from The Swire Charitable Trust
£11m in private investment/agreed pre-lets
£6m in additional public funding dependent on outcomes of initial grants etc.
Still leaves c£13m to be raised or accounted for...
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