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@delos25
Bristol has actually got some money through the Local Sustainable Transport Fund, and I know Bristol sport are also looking at getting into cycling (I think they have the possibility of funding from british cycling).
Not sure how much money is available, and anything proposed has to be implemented by April 2015 (department of transport are strange with their grants that way), but possibly could make a start.
http://www.bristol.gov.uk/page/transport-and-streets/local-sustainable-transport-grants