The Wild Planet Trust, which operates Newquay Zoo and Paignton Zoo, has confirmed it is seeking potential investors.
The charity said the process "may or may not involve the sale" of both zoos.
It follows reports earlier this week suggesting Paignton Zoo had been put up for sale as it faces rising costs and inflationary pressures.
In a statement released today, the Trust said:
"It is correct that we are exploring the possibility of securing investment, and if secured, may or may not involve the sale of our zoos. Both Paignton Zoo and Newquay Zoo are owned and operated by Wild Planet Trust, and any investment discussions relate to both sites.
"Our primary focus remains the long-term protection, sustainability, and development of both zoos. We are committed to securing a future where both sites can continue their important work in conservation, education, and animal care.
"Due to the confidential nature of this process, we are unable to share further details at this time. However, we want to reassure our communities, supporters, and partners that both zoos continue to operate as normal and remain open to visitors.
"Our unwavering priority is the welfare of our animals. We are committed to delivering the highest standards of care — ensuring all physical, emotional, and environmental needs are met."
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