Part 1 The new deal meets the revised objectives for the project but transfers some risks back to the public sector
>
The continued operation of the museum was threatened by a financial crisis
The continued operation of the museum was threatened by a financial crisis
More Information
RAI soon ran into financial and operational difficulties
The financial difficulties were caused by lower than expected visitor numbers
Delays in the Clarence Dock redevelopment also contributed to RAI's financial difficulties
RAI faced constraints in boosting its income
RAI also faced difficulties in reducing its costs
RAI initially obtained extra funding from its banks but only until July 1999