Brighton i360 Observation Tower Enters Insolvency with £51 Million Debt

The tourist attraction's financial struggles leave Brighton and Hove City Council facing significant budget challenges.

Brighton i360, a seafront observation tower, has filed for insolvency, citing escalating costs, poor summer weather, and the cost-of-living crisis.
The attraction owes £51 million to Brighton and Hove City Council, which funded the project through a government loan in 2014.
The council estimates its actual financial loss at £32 million, including loan debt and interest owed to the government.
Council leaders criticized the decision to fund the project, calling it a 'day of shame' and highlighting the impact on local services such as nurseries, road repairs, and public amenities.
The tower will remain operational during the insolvency process as administrators seek potential buyers to rescue the business.