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The Eden Project raises £1.5m in just 20 hours

Thursday 16th October 2014

The UK’s most famous tropical garden - The Eden Project - is the latest in a line of big names to crowdfund for investment and has raised its target of £1.5m in just 20 hours.
The St Austell-based organisation will be using the investment to create a new learning village out of two farmhouses, Restineas and Vounder, for its 16 million yearly visitors.
The plan is to turn the collection of old buildings into venue for teaching horticulture, cookery and food production. The learning village is set to be surrounded by a market garden.
The total cost of the restoration of the properties is expected to be around £3m and the initial 1.5m raised through the mini-bond will allow the first phase to begin.
The organisation offered investors £500 bonds in return for 6% interest a year via crowdfunding platform Crowdcube. The crowdfunding campaign was set to last 60 days, before the target was achieved in less than 24 hours. 
Eden Executive Director David Harland said that the time taken for the target to be reached was beyond expectation. 
"We thank everyone who has invested and now look forward to bringing these exciting plans to reality," he said.
Luke Lang, co-founder of Crowdcube added: "The blistering speed Eden Project raised its £1.5m target makes it the fastest mini-bond raise to date and is a huge vote of confidence from investors and Eden's community."

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Editorial Contact Details - Conor Shilling
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