Flambards Theme Park in Cornwall has announced it will close its doors permanently with immediate effect.
The Helston attraction has been a family favourite for generations since it was founded in 1976.
A statement which has been shared on the Flambards Facebook page today (Monday) reads: "It is with great regret we have to announce Flambards Theme Park will close its doors permanently with immediate effect.
“This difficult decision was reached only after all possible avenues had been exhausted and we fully recognise the impact of this closure on the local community and the sense of loss that it may bring,
“Despite significant and ongoing investment since its rescue from closure in 2012 by the current owners, rising costs and a steady decline in visitor numbers have made the park’s operation and further investment unsustainable.
“Over the years, Flambards has strived to evolve, overcoming numerous challenges to continue bringing joy to families and visitors from across the region."
You can read reaction to the news here: ‘The saddest day of the week’: Helston left 'heartbroken' by Flambards closure
Flambards added that due to the retirement of several older thrill rides including the legendary Hornet rollercoaster, it was becoming difficult to source specialised parts and maintenance expertise.
“Unfortunately, this year saw the retirement of several older thrill rides, as the increasing difficulty of sourcing specialised parts and maintenance expertise became insurmountable.
“Additionally, the much-loved Victorian Village exhibition now requires extensive remedial work; it will remain closed while we investigate alternative options to preserve and honour this unique collection."
Read Next: End of an era: Flambards announce retirement of beloved thrill rides
Despite the closure announcement, Flambards has also shared some positive news regarding the soft play centre, Ferdi's Funland formally known as OnetoEleven.
“While the theme park itself will no longer operate, we are pleased to confirm that Ferdi’s Funland, the indoor play centre, will re-open as a standalone attraction on November 17th, providing a familiar place of play for younger visitors.
“Flambards has been a cherished destination for generations, and it is with a heavy heart that we bid farewell.
“To our loyal supporters and dedicated team, who have given their unwavering commitment through difficult times, we extend our sincerest gratitude.
“Thank you for making Flambards a special place.”
Read Next: Memories of The Hornet over the years
Flambards has also confirmed the closure will not affect the Masked Ball which takes place on Saturday, November 9.
First established in 1976 by Douglas and Audrey Kingsford-Hale, as the Cornwall Aero Park, Flambards grew quickly from being an exhibition hall with a large collection of aviation memorabilia, aircraft and gardens, into 27 acres of rides and entertainment for all ages.
The Hornet rollercoaster and log flume are now synonymous with birthday parties for a whole generation of Helstonians.
However, it has been more than just a theme park, with one of its most popular attractions being the Victorian Village, recreating shops and homes from the 19th century through historic artefacts of the time.
Similarly, Britain in the Blitz is a re-creation of a street during World War II, which was officially opened by forces sweetheart Dame Vera Lynn in 1984.
In 2011 the hugely popular One2eleven soft play area opened and became a weekly visit for many families with young children.
The late James Kingsford-Hale, the son of founders Douglas and Audrey, took over as managing director when his parents retired from the day-to-day running of the park, although his father remained chairman.
It was sold by the family in 2013 to an external company, with Mr Kingsford-Hale saying at the time that the decision to sell was “enormously difficult.
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