Masterworks Foundation's bid to build a permanent base for Bermudian art now has royal backing with the Prince of Wales becoming Principal Patron.

Masterworks executive director Tom Butterfield said the charity was delighted and honoured with the news which will help boost fundraising efforts.

He said: “This is a wonderful endorsement of the objectives of Masterworks - the assembly of the first permanent collection of Bermudian art, and the building of our permanent home in the former Arrowroot Factory in the Botanical Garden.

“Masterworks now rests on three strong pillars: the active support of the Government of Bermuda, who have made available the arrowroot factory at a token rent; the generosity of our many benefactors in Bermuda, who have already raised $2.5m of our $4m target for converting the factory; and the very special distinction of Royal patronage through the involvement of the Prince of Wales, himself a distinguished water colourist.”

Lady Vereker, Chair of the Masterworks Campaign, made the announcement at Saturday night's annual fundraising dinner at Waterloo House which raised $90,000.

She said: “This is a great honour, which reflects both the strength of the case put forward by Tom Butterfield and the interest of the Prince of Wales in the visual arts and architecture, which are vital to understanding the cultural history of any country. The momentum of the campaign will now take on a new dimension of support, both in terms of reaching our target on time and in acquiring new works of art for all Bermudians and our visitors to enjoy.”

Masterworks assistant director Elise Outerbridge said: “This gives enormous encouragement for people to donate to the appeal.

“I don't think the Prince of Wales does these things lightly.

“We had to answer certain concerns and we went through the Governor. On Friday Prince Charles' private secretary called to say the Prince of Wales had agreed to it.

“It doesn't imply the Prince of Wales will visit but we would be happy if he did.

“It's unique to have the support of the Premier, who initiated the whole move, then the Governor, the people of Bermuda and now Prince Charles.”

She said the Masterworks were hoping to start work in the summer, with 2005 targeted as a completion date to coincide with Bermuda's 300 anniversary celebrations.

Already the foundation has 1,000 works of art worth $6-7 million. All will be kept at the converted arrowroot factory, pieces not on display will be stored in below ground climate controlled rooms.

However, Ms. Outerbridge stressed the appearance of the grade one listed building would not change and historic drying racks and presses will also be preserved.