The cash will enable an unusual partnership of the Canal & River Trust and National Trust to revitalise the Grade II* listed Roundhouse into a city base 'from which to explore Birmingham’s famous canals by foot, bike or boat,' as the press release puts it.
Situated on Sheepcote Street, in Birmingham's city centre it is next door to the former Fiddle & Bone pub, closed for many years, briefly reopened by the owners of Sherborne Wharf and now relaunched as The Distillery.
The Roundhouse itself was built in 1874 by the Birmingham Corporation and was originally used as stables and stores. Designed by local architect W.H. Ward, the horse-shoe shaped building has been steadily falling into disrepair.