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£6.3m Losses For Eden Trust

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7:01am 8th January 2014

The Eden Project has racked up one of its worst losses since it opened.

The Trust that runs the biomes is reporting a defecit of £6.3m for the year ending March 2013.

That is after a small surplus the year before.

The attraction is blaming the Olympics, bad weather and the economy.

But it insists that it has turned a corner, after shedding jobs.

In an introduction to its accounts Chairman Sir Anthony Salz said: "It would be fair to say that the opportunities that Eden sees for itself as a charity have outstripped its ability to consistently generate cash in recent years to fund those opportunities. In attempting to maximise the benefits it brings to the wider community in terms of sustainability, regeneration and job creation (direct as well as indirect) it was not well placed to withstand unforeseen difficulties such as the recent flood, the recession, the associated reduction of grant funding opportunities and a reduction in Cornwall's visitor numbers.

"Its culture of developing and delivering its vision, as a leading national charity with a particular value to Cornwall, did not fit easily with that required to maximise the funding to finance its charitable purposes on a consistent basis.

"Eden has refocused its priorities, with a view to ensuring that, through a disciplined approach to the running of the visitor destination, the charitable vision will be truly sustainable for the long term

"Ideally we would also invest in the site at Bodelva to increase the activities outside the tourist season - but this will, at least in the short term, be possible only if we are succesful with external funding."

7:01am 8th January 2014

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