At their monthly meeting this month, town councillors were told the idea of a tourist trail had been discussed by the ‘Horncastle Together’ group.
The group includes representatives of a number of organisations, including the town council and the History and Heritage Society.
Mayor and town council chairman Coun Brian Burbidge said there was broad agreement for a tourist trail. However, he admitted cost was a potential factor - not least because the trail would need signposts.
The town council has previously rejected the idea of buying additional brown tourist signs - because of the costs involved.
However, Coun Burbidge revealed the Horncastle Together organisation believed grant funding could be available for new signs.