The training school is presently spending more than $20,000 each year on accommodation for visitors and has been given a $300,000 kick-start to pinpoint a suitable property to purchase.

FFFC executive director Richard Hull said he hoped a three or four bedroom house could be purchased and redeveloped near its South Albury training centre when it celebrates its 40^th anniversary next year.

“It will be a milestone moment for us,” he said.

“Increasingly our program requires artists from around the world and around Australia to come and spend time with us in Albury,” he said.

“Our challenge is we have to find accommodation that is close to the facility here and is also safe and fit for purpose.

“It is a chance for us to reduce our costs to own an appreciating asset which is a great opportunity for us as a company.”

Farrer MP Sussan Ley described the FFFC as an “absolute iconic institution in Albury-Wodonga”.

“To see their contribution nationally and internationally makes us all incredibly proud,” she said.

“This $300,000 will help provide accommodation for visiting, often international trainers, who really will lift the quality, standard and reputation of the performances that come out of this very fine building.”

Mr Hull said the FFFC wants to raise another $150,000 and is seeking in-kind support from local business and tradespeople.