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
taylor

VIDEO: Mum praises 'hero' daughter after Vegas attack

Keri from Perranporth says the police responder was off-duty

police accident

Pedestrian seriously hurt after Falmouth crash

Police appeal launched after late-night collision

Most read
storm

WATCH: When Storm Brian hit Cornwall

Our blog has breathtaking photos and videos

police officer

Man who died in A30 crash is named

A tractor and motorbike hit near Redruth

Top articles

WATCH: When Storm Brian hit Cornwall

Cornwall News: Our blog has breathtaking photos and videos

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.

Arrest after bowling alley staff taken hostage in Nuneaton

National News: A man has been arrested after two members of staff were held hostage at gunpoint at a bowling alley in Warwickshire.

UPDATE: Body found on popular Cornish beach

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

Creative industries facing 'catastrophic' loss of talent after Brexit

Showbiz News: Brexit could cause "catastrophic" damage to the UK's booming culture industry, according to a survey of over 1,000 creative companies.

Catalonia's 'silent majority' frustrated over lack of anti-independence campaign

World News: Hundreds of thousands marched in Barcelona this weekend to protest against the Spanish government's plans to oust the Catalan leader and his government. 

Tom Ince claims slow Manchester United not the same proposition as rivals after Huddersfield win

Sports News: Manchester United's slow build-up play allowed them to be exploited in a way their rivals would not have been, says Huddersfield's Tom Ince.

Man arrested by Israeli police after writing 'good morning' on Facebook

Strange News: A man in the West Bank was arrested by Israeli police after he wrote "good morning" in Arabic on Facebook and then software mistranslated his words as "attack them".

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

Pirate Extra Pirate 70s Escape LoveCornwall