Boxpark Croydon made a loss of nearly £500,000 last year, according to accounts filed to Companies House.
The operation, renting space to independent outlets selling street food and staging music and other events in a collection of disused shipping containers next to East Croydon Station, opened in October 2016 thanks to a chunky loan from Croydon Council of £3million, plus another £180,000 grant of public cash towards its launch party.
Last week, Tony Newman, the leader of Croydon Council, during a council cabinet meeting presentation, referred to Boxpark as a “successful investment” by the council.