18.03.02
 

Funding partnership makes Eden Foundation a reality

The state-of-the-art £4 million building being planned to house the Eden Foundation has been made possible thanks to substantial investment from the South West Regional Development Agency and Cornwall’s Objective One European funding programme.

The RDA is providing £1.5 million for the new centre, bringing its total investment at Eden so far to more than £6 million, while Objective One is providing £1.75 million.

South West RDA chairman, Sir Michael Lickiss, said: “The RDA recognised from an early stage Eden’s phenomenal potential to act as a catalyst for the South West’s economy, which is why we have seen our commitment grow from an initial £25,000 towards Eden’s first feasibility study, to a total of more than £6 million with today’s £1.5 million announcement.

“What the Foundation will do is really start to push Eden’s sphere of influence on to a global stage by making its educational, scientific and research aspirations a reality.

“The new facilities we are helping to fund will enable Eden to cater for researchers, postgraduates and visiting experts from around the world, while building closer links with Cornwall’s further education colleges, the Combined Universities in Cornwall project and local businesses.

“This is an exciting development that will reinforce Eden’s growing stature as a world-class facility.”


The bulk of the remaining investment for the Foundation building is coming through Cornwall’s £310 million Objective One European funding programme, which is providing £1.75 million.

Objective One programme director Bill Bawden said: “One of the major contributions Eden is making is in bringing a huge amount of intellectual capital to Cornwall, and the Foundation building will provide a home for that wealth of talent to blossom.

“Eden was always intended to be far more than a tourist attraction, and I’m delighted that Objective One is playing such a crucial part in broadening Eden’s catalytic role in the fields of science, education, research and business.”


The remainder of the funding has been contributed by the Millennium Commission, commercial partners and the Eden Trust.

Work on the new facility, which will be built overlooking Eden’s vast biomes, is scheduled for completion in December 2002.

 

Editors notes:

The RDA’s investment

The RDA, with its predecessor bodies, has invested more than £6 million in Eden since the project’s inception, from the initial feasibility study right through to the latest £1.5 million for the new Foundation building.
The £6 million has included £2.9 million towards initial construction works and a further £1.6 million for site infrastructure works such as car parking and footpaths to help cope with the huge volume of visitors.
A further £15,000 was committed towards the costs of employing a dedicated local purchasing adviser to ensure that local businesses reaped the maximum possible benefit from Eden during its construction phase and beyond. The two-year project generated £2.9 million of business for local companies.
The RDA also stepped in when Eden’s nursery reached bursting point because of the volume and size of the plants being grown for the project while its was under construction. The RDA invested in extending the greenhouses at the project’s Watering Lane Nursery.
Before Eden opened, the RDA committed a further £8,000 to Eden’s £43,000 recruitment, training and development programme to ensure staff were trained to the highest standards.

Objective One

Cornwall’s Objective One programme provides £310 million of grant funding over six years, match funded by the public and private sector.
The programme went live in August 2000, and since then £116 million of Objective One funding has been committed to projects with a total value of £250 million.

 


Jason Clark
Communications Manager
Objective One Partnership Office
Castle House
Pydar Street
Truro TR1 2UD
Tel:01872 241379
Fax:01872 241388
jason@dclark.co.uk