Thank jojo.
Well, the visiting professor, myself and some others that deal with funding in the Uni had a little meeting to discuss some opportunities available. There is, but not too suitable for a long-term project required for a phd, except a company is willing to take me on i.e fund me to undertake a project in their establishment.
After much pressure, my supervisor has decided to write a proposal today, which I could then use to apply for funding. So he's writing one and the visiting Prof. is writing another.
And since i do not want to rely totally on them, i contacted the project manager (that i turned down) who offered to help with a project. He's said no guarantees but he'll make some contacts on my behalf.
So things aren't looking too bad at the moment and all hope is not lost. I will remain optimistic.