LDF cuts losses, while visitors slump

The London Design Festival reduced its losses from £18 538 in 2004 to £2300 in 2005, according to the latest accounts filed at Companies House. Management consultancy Stratagem is set to publish its ‘full-scale economic evaluation’ of the festival and its management team. The 2006 event attracted just 300 000 visitors, down on the 475 000 visitors seen in 2005. The London Development Agency allocated £200 000 of funding for this year’s event.