The major project to build a new home for Edinburgh Printmakers has revealed a rise in its costs to £12.3m.
The Castle Mill Works project, which Edinburgh Printmakers say will still open in 2019, was originally costed at £11m.
A statement said that the rise in price is due to a "greater increase in construction inflation than forecasted".
The Castle Mill Works was the headquarters of the North British Rubber Company - Edinburgh Printmakers plan to turn into a centre of printmaking and the creative industries.
Sarah Price, chief executive, said: “We are committed to the vision of a new Centre of Excellence for Printmaking and Creative Industries Hub at Castle Mill Works and we have been successful in raising over 80% of the needed funding.
"The increase in project costs will see us increase our fundraising activity by building greater capacity in our team to fill the shortfall with a range of funding; engaging trusts and foundations in our vision, whilst also looking to develop corporate support for our artistic and creative industries work."
The project has already had support from the National Lottery, the Scottish Government, Creative Scotland and Historic Environment Scotland as well as trusts and foundations including Garfield Weston Foundation and The Robertson Trust.
Ms Price added: "As we have successfully secured over £10m towards the project, construction will start this month whilst we work towards raising the remaining funds.
"We are aiming for the main building to be open in 2019 and we will continue to fundraise for the remaining £2.3m over the coming three years to complete the full project as planned."
Scottish architects, Page/Park have been appointed to bring the Grade C listed Castle Mill Works into public use for the first time in its 160-year history.
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