Work is underway on a historic Kirkcaldy building which, once complete, will become the home of the Adam Smith Global Foundation.
The former smokehouse and sawmill premises at 20 Esplanade, at the bottom of the garden of Adam Smith’s former home on the town’s High Street is currently being renovated by Fife Historic Buildings Trust which owns it.
A new roof is being added and the buildings external walls taken back to the original brickwork and repointed to make the building wind and watertight.
And the Trust, along with the Foundation which was set up last year to promote the work of Adam Smith and his importance in the town, is keeping its fingers crossed that applications for funding to continue the renovations, including doing up the inside of the building, will be successful.
Two major funding application bids have just been completed and lodged and, if successful they will form the basis of the ongoing work to form an Adam Smith museum and exhibition space on the ground floor of the building, with office accommodation for the Foundation’s headquarters as well as incubator units on the first floor.
Alan Lodge, manager of Fife Historic Buildings Trust, explained that phase one funding of £20,000 from Historic Scotland through its CARS (Conservation Area Regeneration Scheme) is funding the external work currently being done by contractors Campbell and Smith as part of an 18 week contract.
“We expect to hear whether phase two funding has been successful in December, and, all being well, work could start on the remainder of the work in June or July next year with a completion date for the beginning of 2015.
“Ownership of the building would then be transferred back to the Adam Smith Global Foundation which plans to use it as its headquarters.”
A project is also planned to attract sponsorship to create an illuminated timeline down Adam Smith Close to the building.