Eden Project reaches Â£1.5m investment limit
The Eden Project reached its £1.5m limit on its Crowdcube mini bond issue in less than 24 hours.
Insider reported yesterday (14 October 2014), that the Eden Project had reached its target of £1m in five hours.
It raised the funds to construct a £3m learning village. It acquire and restore two farmhouses and outbuildings on the edge of its site in a former clay quarry near St Austell to create a new venue for teaching horticulture, cookery and food production. The learning village will also include a market garden.
A total of 355 investors bought bonds with a minimal value of £500.
Eden’s executive director David Harland said: "To reach our maximum of £1.5m in less than 24 hours was beyond our expectations. We thank everyone who has invested and now look forward to bringing these exciting plans to reality."
Luke Lang, co-founder of Crowdcube, added: "The blistering speed Eden Project raised its £1.5 million target on Crowdcube – in just 20 hours – makes it the fastest mini-bond raise to date and is a huge vote of confidence from investors and Eden’s community."