THERE will be a second bid to the Heritage Lottery Fund for cash to restore Madeira Terrace.

Brighton and Hove City Council said it will submit an application in the next two weeks.

Crowdfunding has so far raised enough to restore three of the crumbling seafront arches and work will begin at the end of the year.

Council leader Daniel Yates said: “The renovation of Madeira Terrace is being driven by the clear mandate from the successful crowdfunding campaign and ongoing engagement with both Historic England and the Victorian Society.

“We believe in protecting and preserving this historic site in our city.

“The aim is to retain the terraces in full and create a new destination for the seafront with a range of new independent businesses located within the arches.

“Plans are under way for the renovation of the three crowdfunded arches with work due to begin by the end of the year.

“Our priority in the next two weeks is to submit a second bid for funding to the Heritage Lottery Fund, following positive feedback on our previous bid.”

The council launched its first bid in March after a crowdfunder secured £463,000 last year, proving the public interest in restoring the 151 arches.

Earlier this week, leisure company Boxpark said it would like to revive the arches with a plan for a hotel and shops.

Cllr Yates said: “We have explained our position with regards to the site to those expressing interest, including Boxpark.

“While we welcome ideas from developers to help shape the future of the seafront, we will continue to be directed by the vision shared by so many in the city to see the terraces restored to their former glory.

“If at any time in the future we need to engage external developers, we will do so through an open transparent process and offer all parties an opportunity to bid.

“At present we have no intention of altering the plans we have been carefully researching with specialists and residents.

“We continue to be grateful for the support and interest from so many in the city for this important project.”

Boxpark chief executive and founder Roger Wade has submitted initial plans to revive the arches.

The plan includes restaurants, shops, office spaces and a hotel. It is estimated the developments would cost more than £100 million.