Economy
Eastbourne’s success as a holiday resort means it has always generated a large income through tourism. Figures show a 365 million revenue from visitors in 2010, 3.1% greater than 2009 and estimated to support 7,160 jobs. Eastbourne Council, aware of the town’s value as a tourist destination, have invested in the regeneration of areas such as the seafront and in access routes like the Polegate bypass. The most recent agenda is a project for improvement of the Devonshire Park area; there are plans to rework and extend the existing facilities, and to re-landscape surrounding outdoor space. Marks Barfield architects, responsible for the London Eye, have been appointed to work on this regeneration project. The business case reports that a vibrant, redeveloped Devonshire Park could generate an extra £1 million a year. A £4.5 million boost for the local economy is also forecast through strengthening Eastbourne’s reputation as a leading conference and exhibition venue, and cementing the town’s relationship with the Lawn Tennis Association. Tourism means the Hospitality, retail, arts and entertainment industries form a large proportion of the business sector in Eastbourne; however other areas such as manufacturing, healthcare construction, education, professional scientific and technical businesses are also well represented. The property market in Eastbourne is healthy with an average price increase of 11.2% between 2011 and 2012.
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)