Economy
In the late 20th century a large amount of housing was built on backland sites in the older part of town and in residential developments outside its historic core and a small industrial estate was developed in the south-eastern corner. Developments included award-winning council house development at Elmslac Road in the 1950s, a primary school, health centre, "affordable housing" at Storey Close, housing for the elderly at Elm Green and Pottergate and development of the industrial sector, particularly Thomas Bakery and a veterinary surgery. The castle visitor centre provides an important attraction for the town. Helmsley is well provided with retail space but less well provided with office space. The main employers in are Duncombe Park Estate, Thomas’s Bakery and the National Park Authority. The industrial estate is a vital economic asset of Helmsley.
Tourism plays an important role in the area's economy. The national park receives around 9 million day-visits each year. Day visitors make up 40% of all visitor days, with people staying within the park making up 31% and people staying outside the park making up 29%. 31% of park visitors stay in serviced accommodation, compared with 64% who stay in self-catering accommodation. Daily expenditure in the national park is approximately £9.10 per person, which excludes accommodation costs. Visitor revenue within the national park was £169 million in 1998, £152 million in 1997 and £119 million in 1996. This can be compared to the figure for the whole of North Yorkshire, which stood at £1,054 million in 1996. However, employment in tourism is, by nature, seasonal. Helmsley draws the largest number of day visitors (32%) within the year, for the North York Moors National Park as a whole. It attracts 37% of longer stay visitors.
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Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—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)