Tollcross News‎ > ‎

Cash‑flow fears hit flagship conference centre

posted 26 May 2014, 07:31 by Tollcross Junction   [ updated 26 May 2014, 07:36 ]

The balance sheet of Edinburgh's flagship conference centre is under review amid “serious concerns” about its future finances.

Independent auditors are poring over accounts belonging to the Edinburgh International Conference Centre (EICC) after council officials raised doubts about its commercial performance following a £30 million extension which doubled capacity.

It is understood the ­council-owned venue has failed to attract enough conferences to justify the cost of the work – which introduced a pioneering hall-wide moving floor system – and is now suffering “immediate shortfalls” in its business plan.