The Masterplan will be developed further once the consultation is completed; a report will then be presented to council committees in July 2014 asking for permission to submit a grant funding bid. If approved, a bid to the Heritage Lottery Fund and Big Lottery Fund will be made in August 2014 to apply for funds to take the plans into the next level of detail. After a further eighteen months of development a final plan will be ready for a second stage bid in 2016 which if successful would allow the project to be delivered on the ground 2017-2019.

Much more, in a similar vein, here.