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:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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)