THE charity that runs the award-winning Hastings Pier has gone into administration.
The Pier reopened last year after a devastating fire in 2010. It was declared “a masterpiece” when it won the Stirling Prize for architecture this year.
The board of directors said the charity was now insolvent, but the pier remained open and funded for 2018.
Maria Ludkin, chairwoman of Hastings Pier Charity, said a three-year plan had been put forward for the pier to reach self-funding status within three years but £800,000 was needed.
In an email to shareholders, she said: “We are very sorry to tell you that none of the stakeholders were prepared to commit further funding to our three-year plan at this time.”
Source: The Argus