Pirate FM News

Keep up to date with the latest news delivered direct to your Inbox.

VIDEO: £21m Boost From Falmouth's Tall Ships

tall ship
Delicious Submit this page to reddit

7:55am 18th November 2014

Tall Ships brought £21m pounds into Cornwall.

A report is out into the economic impact of the four day event in Falmouth.

It has found for every pound spent by organisers - another twenty-six were generated.

197,000 people poured into the Falmouth area, increasing the average turnover of local businesses by an average of £10,000.

The impact study was commissioned by the main delivery partner of the event, Visit Cornwall, and was conducted by The South West Research Company Ltd to evaluate the value of the event for Falmouth and wider Cornwall.

John Hick, Falmouth Tall Ships Regatta Chairman, comments: “Falmouth has done it again – in the spirit of cooperation and partnership we have delivered a truly outstanding event. There were huge crowds, wonderful weather, the most beautiful ships to look at and everybody was happy, but most importantly the event provided long-term benefits and a lasting legacy. It demonstrated Falmouth’s impressive strength for partnership and it is because of this that the event was the success that it was.”

Falmouth Tall Ships Event Manager, Sam Groom, adds: “These results clearly highlight how well-organised events can deliver significant economic benefits and their importance to community wellbeing in terms of social outcomes.

“Overall 89% of businesses felt that the regatta was of great importance to the image of Falmouth and with the total media coverage valued at over £2 million, the event provided an unrivalled platform for showcasing Cornwall to the world.” 

Richard Wilcox, Falmouth BID Manager, continued: “Falmouth certainly knows how to lay on an event! The Falmouth BID was delighted to be an Official Partner with a key focus on funding the economic evaluation of the Regatta so that we could gain an in-depth understanding of how such activity benefits destinations and business - and the evidence is clear. I am very pleased that Falmouth’s businesses capitalised upon and subsequently benefitted from the event.”

Despite the success of the event and the extra money that poured into the economy, the council is planning to stop funding Visit Cornwall as part of a plan to save £200m.

Despite that, Councillor Julian German, Portfolio Holder for Economy and Culture, said: “The Falmouth Tall Ships Regatta is a powerful example of how Cornwall’s unique culture can be embraced to garner significant economic and social benefit. Cornwall’s culture of maritime heritage and community enterprise underpinned the event adding value to the future prosperity of Cornwall.”

7:55am 18th November 2014

Share This Story

Delicious Submit this page to reddit
Suggested articles
manchester arena

VIDEO: Fatal explosion at Manchester Arena

Read tributes to the victims of the concert bombing

flooding in falmouth

WATCH: Flash floods hit Falmouth

Water was flowing down the roads - in MAY!

Most read
police tape 3

UPDATE: Three-vehicle crash shuts A30

Collision near Hayle sparks a u-turns warning

lightning storm plymouth

WATCH: Lightning and floods strike Cornwall

The bad weather caused crashes too...

Top articles

Person injured after falling at beach

Cornwall News: Coastguard teams got the shout to Newquay

Pirate FM Cornwall News Update - 7th January 2016

Cornwall Video News: Officials say they’re holding talks to find new jobs for hundreds of workers in Bodmin.

May and Corbyn to face live TV audience in 'Battle for Number 10'

National News: Jeremy Corbyn and Theresa May are to face their first grilling by a live TV studio audience this election campaign on Monday evening.

UPDATE: Body found on popular Cornish beach

Cornwall News: Police say death at Watergate Bay 'isn't suspicious'

Southern rock music pioneer Gregg Allman dies

Showbiz News: Gregg Allman, whose soulful vocals made the Allman Brothers Band one of rock's top acts in the 1970s, has died at the age of 69.

North Korea 'has fired Scud missile'

World News: North Korea has fired what appears to be a short-range Scud missile off its east coast, South Korea's military has said.

Arsenal beat Chelsea 2-1 to win FA Cup

Sports News: Arsenal scored 12 minutes from time to win the FA Cup final in a pulsating 2-1 victory over Chelsea.

Newer article

VIDEO: Cornwall News Headlines - 18th November 2014

Cornwall News: The latest news headlines from the Cornwall Newscentre with Tristan Hunkin

Older article

Lit Firework Shoved Through Letterbox

Cornwall News: Family has lucky escape after attack on their home

Cornwall's Pirate FMPirate Extra Footer LogoEscape to Cornwall radioLoveCornwall.com - The Cornish Business DirectoryPirate Education and Training

 

© Copyright Pirate FM

Pirate FM cannot be held responsible for the content of external links.