Far fewer visitors came to Cornwall in 2012 due to a combination of the Olympics, poor summer and autumn weather and the lasting effects of the recession.
This, coupled with enormous pressure on income in the charity sector and the well-documented challenges of fundraising in the current economic climate have made it necessary to make substantial cuts to the cost base.
More top news
Tens of thousands of students across the West Country received their GCSE results today - and we were there to see some of their reactions.
Like many eight-year-old girls, Chloe loves ballet dancing. But unlike them she has cerebral palsy, making it difficult for her to walk.
Taylor Moore has captained England, he's lived in France all his career, he's bilingual and learning a third language, and he's only 19!