In February 2015, a bid put forward by campaigners was refused planning consent by Hastings Borough Council, going against officers’ recommendations.
Members said the statue’s condition was so poor it would not be suitable for display alongside the town hall, which is a Grade-II listed building.
Campaigners submitted an appeal to have the decision overturned, which was successful.
A new heritage group, the Albert Statue Group, was formed early this year to raise funds for the project.
Hastings Lions Club came forward with a generous donation for buying and installing the new Portland stone pedestal on which the statue is to be erected.
There have also been donations from members of the public who are keen to see the long-neglected statue back in the public domain.
Roger Wilcock, of A. C. Towner Ltd has been advising on the project, and he is doing some of the preparatory work free of charge, with consent from his employer Edward Towner, as this is a community project without financial support from the council.
The life-size statue of Prince Albert, sculpted in Portland stone by Edwin Stirling at his Liverpool studio, was saved for the town by Edith Skelton, who bought it from the demolition firm for £50.
