Pirate FM News 3 minute read

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

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

Published by the Pirate FM News Team at 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.”

Email Icon

Sign up for exclusive news, competitions and offers.
Proper Local News updates from Pirate FM

Suggested articles

Coronavirus: Vaccine hopes boosted as scientists find virus has 'low shielding'

World News: UK scientists say the coronavirus is "hit and run" and not as well shielded from the immune system as some others - meaning it could be easier to develop a vaccine.

New video urging people not to visit Cornwall

Cornwall News: It's reminding people not to travel over the Easter holidays

Newer articles

VIDEO: Cornwall News Headlines - 18th November 2014

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

Warnings Cornwall's Coastline Is Vulnerable To Future Storms

Cornwall News: It is after sand has been stripped from beaches

Older articles

Lit Firework Shoved Through Letterbox

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

Tavistock Woman Dies In Dive Trip Tragedy

Cornwall News: Her husband is critical in hospital after a weekend away went wrong

Most read

Warning over rubbish collections in Cornwall

Cornwall News: Times could be changed across the Duchy

Fresh police warning about coronavirus lockdown rules

Cornwall News: The Devon and Cornwall force says it WILL use enforcement

Pirate Extra Pirate 70s Escape LoveCornwall