Pirate FM News

Eden Hits £1m Crowdfunding Target

Eden Project

Published by the Pirate FM News Team at 7:01am 15th October 2014

The Eden Project has raised a million pounds in less than five hours.

It is after launching a crowdfunding campaign to build a "learning village."

It will teach about cookery, food and plants.

More than three hundred people are stumping up cash to pay for the scheme.

The issuing of the Eden Project Bond via Crowdcube will enable Eden to access finance from its own supporters as well as a crowd of registered investors and the general public through Crowdcube.

Eden Executive Director David Harland said: “This is an amazing result. To reach our £1 million target so soon is spectacular and shows that very many people share our vision to establish a world-class learning centre here at Eden.

“We thank everyone for that faith in the future of the young people who will come here to learn new skills and Eden’s capacity to deliver something special right here in the heart of Cornwall. We also take our hats off to Crowdcube for the brilliant way they have enabled us to reach our goal in this - our first foray into crowdfunding.”

Luke Lang, co-founder of Crowdcube said: “It’s brilliant that the Eden Project has become the latest high-profile organisation to use Crowdcube to raise finance. Mini-bonds have emerged as a cost-effective and efficient way for well-established brands to raise growth capital and engage with their customers. By giving people the opportunity to invest in an organisation they love in return for a financial reward, mini-bonds encourage loyalty while also attracting new customers.

“Eden is synonymous with innovation and community, which makes it a great fit for crowdfunding.”

Investors can put in a minimum of £500 and in return get six per cent per annum over the four-year term of the bond. Investments are in multiples of £500 and there is no upper limit. Investing in mini-bonds involves risk. Mini-bonds are unsecured, non-convertible and non-transferable, and it should be done only as part of a diversified portfolio.

Email Icon

Sign up for exclusive news, competitions and offers.
Proper Local News updates from Pirate FM

Suggested articles

Mulberry shares plunge 30% after it warns House of Fraser collapse will hit profits

National News: Luxury handbag maker Mulberry has issued a profit warning after the collapse of House of Fraser into administration, shortly before it was bought by Sports Direct.

Superdry co-founder gives £1m to referendum campaign

National News: The co-founder of clothing label Superdry has made a record donation to the campaign for a referendum on the final Brexit deal.

Trending in Cornwall

Baby boy born on rescue helicopter over Cornwall

A mum went into labour during a visit to Scilly

Stolen road sweeper sparks police chase on A38

It was reportedly stopped by a stinger in Plymouth

WATCH: First high-speed train runs from Cornwall to London

The new Intercity Express services are in service

VIDEO: Visit Cornwall stops actively promoting two beaches

This is amid fears about overcrowding this summer

Taxi drivers handed licences despite convictions

Cases in Cornwall include drink-driving and speeding

Four rescued as blow-up chair drifts off Cornish coast

A broken down jet-ski was towing the inflatable

WATCH: Dolphins filmed feeding off Newquay

The footage of around 15 is lovely!

WATCH: Minister makes pledge on pollution in Cornwall

Plastic waste could be tackled through the tax system

Another comedian enters the cream tea debate

Sarah Millican does it a VERY different way

Huge spike in demand at Cornwall's biggest hospital

Some staff at A&E are working almost double shifts

More news...

Pirate Extra Pirate 70s Escape LoveCornwall