The Federation of British Historic Vehicle Clubs:
The FFA joined the FBHVC last year and I see that they have produced two very interesting reports on the economic impact of the Beaulieu International Autojumble and the Goodwood Revival in conjunction with the University of Brighton. Frankly I was staggered by the amount of money generated that benefits both the local and the wider economy, a summary of the headline figurers from the reports are produced below; my thanks to the Federation and the University for allowing their reproduction here.
As many of you will know from first hand experience Beaulieu has grown into an international three day event starting with its inception in 1967 when it was held on 17th September between 11am and 5pm.
The report’s Beaulieu summary:
· Brings nearly £3 million business to the local economy
· Generates 11,000 person nights in local hotels & guest houses
· Provides direct temporary employment for over 220
· Is responsible for £11 million turnover for the national economy
· Contributes at least £570,000 in VAT government revenue
The Goodwood Revival may not be quite so well known to you. The first was held between 18th and 20th September 1998.
Fifty years to the day after the first race meeting was held there that also, incidentally gave a 19 year old Stirling Moss both his first motor race and his first win.
The event was held over three days and is built around a race meeting for historic cars and motorcycles no modern vehicles with the exception of emergency services are allowed within the circuit’s perimeter.
Goodwood Revival’s summary:
· Bought at least £12 million to the economy of the study area.
· Generated 23,000 person nights accommodation for
local hotels and guest houses,
· Provided direct temporary employment to over 350.
·Caused a further 25,000 person nights for hotels & guest houses outside the study area.
· Was responsible for £32 million turnover for the national economy net of VAT.
· Contributed £4 million in VAT to government revenue.
Both reports are available in full from the FBHVC website htpp://www.fbhvc,co.uk together with other interesting material and is well worth visiting. It just shows how much money is generated by our and similar hobbies for the economy at large and although these two reports cover commercial enterprises a lot of money is raised tractor clubs and preservation societies for charity.