It was confirmed tonight that the Heritage Lottery Grant Application for the renovation, to the fabric of the building, has now been submitted.
In addition, funding for a Heritage Access Officer was also applied for.
It is hoped that a decision will be reached before the summer, and that urgent roofing work can be carried out this year.
Money will also be made available to research and record the history of the building.
It is hoped that the Heritage Access Officer can also increase the number of visitors coming to the building for both Cultural Events and to learn about the building and history of the site.
If the grant is successful then the Town Council will be required to raise an estimated match fund of £25,000, although some of this can be off-set against work already carried out.