Stowmarket Town Council is looking to mark the centenary of the start of World War One by building a memorial clock in the town centre.
The clock, which is proposed to be 19 feet high and four feet wide at the base, will sit in the town’s Market Place.
The council is now trying to secure additional grant funding for the project.
Town clerk David Blackburn said it would act as a focal point in the town.
He said: “It is a tremendous project.
“At this moment in time we are looking into how much the project will cost and are actively pursuing some other grant funding.”
The memorial will include a plaque for Spencer John Bent who was awarded the Victoria Cross for his bravery during World War One.
Gary Green, who sits on the Memorial Clock Project Working Group, said: “This will not be a clock to celebrate the beginning of the war but to remember those people who took part.
“We wanted to do our bit to mark the occasion.
“We also recognised the current town centre clock doesn’t actually work so needed to repair it anyway.
“It would have cost a lot of money to replace it so we came up with the idea of building a special memorial landmark.
“We will be positioning it so that the clock faces are visible from every angle on the market place.
“It will be bang in the centre of the market so you can come from any street and see the clock.
“ It will be a real focal point in the town.”
The landmark memorial is expected to cost around £30,000.
The town council has already pledged £10,000 towards the clock with money also put into the pot by Suffolk county councillors Gary Green and Stephen Searle’s locality budgets.
The clock is expected to be unveiled in late June.