Titanic Belfast - Maritime Belfast (2024)

Funding for the Titanic Signature Project was a joint private & public investment via Tourism NI, Belfast City Council, Belfast Harbour Commissioners, and Titanic Quarter Limited. Each partner contributed different amounts: the largest donor was Tourism NI, who with their sponsor body the Department of Enterprise, Trade & Investment (DETI) contributed £36.95million, Belfast Harbour donated £13.6million, Belfast City Council £10million, and Titanic Quarter Limited donated £16.35million. As the majority of the funds were a significant public investment, the agreement was reached that the building would be owned and managed by the Maritime Belfast Trust.

How much did it cost to build? And what is that in today’s money?

Overall, the building cost £76million to complete. Works began in 2009, and the building was designed by architect Eric Kuhne, who was inspired by the shape of the prows of the ships that were once built in the shipyard, the White Star Line logo, ice crystals, and the points on a compass. The building was built by Harcourt Construction who are also shareholders of Titanic Quarter Limited. Eric Kuhne was responsible for creating the Titanic Quarter Masterplan in 2006.

In today’s money (2023) building Titanic Belfast would cost around £145million.

As part of the operator agreement, allowance was made for the gallery experience to be updated or ‘refreshed’ in the future. This would see new content added, new stories told, and new artefacts added to the galleries to ensure that the visitor attraction continued to be world class. The Gallery Refresh fund is paid by Titanic Belfast Limited to Maritime Belfast every year, and is held by the Trust while plans are developed for updating the galleries. The sum, which is significant, is held and accumulates until the operator submits proposals which is agreed by our trustees. Over the years the Launch Gallery was updated, and the Life on Board gallery added.

In 2023 a significant investment – £4.5million – has been spent on the final galleries in Titanic Belfast, adding a new ‘wow’ experience to the visitor attraction. As part of that we are incorporating some unique and breath-taking artefacts into the galleries.

As the owners and guardians of Titanic Belfast, Maritime Belfast monitors the visitor attraction’s performance and economic impact to Belfast and Northern Ireland. It was clear that Titanic Belfast had exceeded all targets set for the first year with over 800,000 visitors. In its first three years of operations, Titanic Belfast had more than 2 million visitors, of which 70% came from outside Northern Ireland. The economic impact of those first three years was £105million, a significant achievement.

In the years since, we have brought Deloitte back in several times to update their research and get a better picture of how Titanic Belfast is contributing to the economy.

Ten years since opening, Titanic Belfast has made an economic impact of £430million, there have been over 7.5million visitors from 145 different countries, and Titanic Belfast has really established Belfast as the home of RMS Titanic.

You can read the Deloitte reports here.

Titanic Belfast have been committed to sustainability from the initial conception as a BREEAM Excellent rated building including a number design features from combined heat and power micro-generation, efficient, low energy intelligent lighting and a rainwater harvesting facility.

Throughout the last ten years they have continued to implement lots of excellent initiatives and policies and their commitment has been recently awarded by becoming the first organisation on the island of Ireland to receive Silver Awards for the Green Tourism and Green Meetings accreditations.

The Silver Awards are in recognition of the extensive sustainability initiatives and policies they have put in place across the visitor attraction and the conference and banqueting facilities, which includes a number of ambitious goals including committing to reducing energy consumption by five per cent by 2030, removing all single-use plastic items by 2025 and aiming to become a zero-waste organisation by 2030.

For more information see Titanic Belfast’s Sustainability Charter

Income derived from Titanic Belfast has supported Maritime Belfast to preserve and protect Belfast’s maritime heritage, including taking on responsibility of the SS Nomadic in 2015 and supporting the restoration of the H&W Drawing Offices as part of Titanic Hotel Belfast. Titanic Belfast has also underpinned our wider role in Destination Management and development, delivering an iconic and animated heritage waterfront for the city.

Find out more about what else Maritime Belfast does.