Eden Project reveals losses of £4m

Last year's losses bring total to £8.7 million since opening in Cornwall in 2001

The Eden Project lost £4 million last year. Accounts filed at Companies House for the year to March show that its loss since opening in Cornwall in March 2001 is £8.7million. Turnover for the year to March was £18.3 million, a fall of £4 million on the previous year. Representative Bryher Scudamore said Eden would have made a profit if it hadn’t “prudently” written off £6.5 million for depreciation of its biomes. She added that profits were reinvested into providing extra capacity because Eden had attracted more visitors than expected. It had 1.8 million visitors in its first year and 1.4 million last year when ticket sales dropped from £7.6 million to £5.1 million. Eden will go ahead with a further £33 million development — including an education centre and a new visitor centre — which will be paid for by the Millennium Commission, the European Regional Development Fund and the South West Regional Development Agency. The project is backed by £43 million of Lottery money, provides jobs for 500 and has attracted investment of £500 million to Cornwall.

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