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
Submit this page to redditDelicious

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

Submit this page to redditDelicious
Suggested articles
fire engine

Falmouth cooker bursts into flames while residents sleep

They woke up to smoke filling their home

coverack floods 7

Coverack flash floods in pictures and video

Locals say it's "like a scene from Boscastle"

Most read
scilly fire 3

WATCH: Huge fire evacuates campsite on Scilly

Fire investigator flown in from the mainland

flooding

WATCH: Downpours flood Cornish roads... AGAIN!

Carbis Bay family describes lightning striking their house

Top articles

Murder investigation after 'suspicious death'

Cornwall News: A man's body was found at a home in Plymouth

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.

Great Ormond Street hits out at US doctor over Charlie Gard

National News: Great Ormond Street Hospital has accused an American doctor of giving the parents of Charlie Gard false hope in their fight over treatment of their terminally ill baby.

UPDATE: Body found on popular Cornish beach

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

Linkin Park hearts 'broken' by Chester Bennington's suicide

Showbiz News: Linkin Park have said their "hearts are broken" following the suicide of lead singer Chester Bennington.

Where is Liu Xia, 'free' widow of Chinese Nobel winner Liu Xiaobo?

World News: The Chinese authorities say Liu Xia, the widow of Nobel laureate Liu Xiaobo, is a free woman.

Manchester City announce £49.2m signing of Benjamin Mendy

Sports News: Manchester City have announced the signing of left-back Benjamin Mendy for £49.2m on a five-year deal.

'Doofy' teenager loses car for three days - and parents find it after online appeal

Strange News: An absent-minded teenager has been reunited with his car three days after forgetting where he had parked it.

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 My Music Radio Escape LoveCornwall