Economy
Ramsgate's main industries are tourism and fishing. The town has a thriving marina with over 800 moorings and a range of marine-related businesses that operate in premises in the renovated arches under Royal Parade. The town caters for students of EFL (English as a foreign language) at its colleges.
Although Ramsgate has the most valuable fish landings in Kent (~£700,000 in 2003), the fishing industry is in decline.
Port of Ramsgate has provided cross channel ferries for many years. Previously Sally Ferries UK provided a service of passenger and car ferries to Dunkirk. Currently a service of freight and car is provided to Oostende by the company Transeuropa Ferries.
Unemployment for Thanet is higher (4.1%) than the national average (2.5%).
There is some light industry in the town. An emerging industry is power generation, with 800 jobs expected to be created by the Thanet offshore wind project, a wind farm just off the coast.
Ramsgate Market is held in High Street, King Street and Queen Street every Friday and Saturday between 8a.m. and 4p.m.
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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)
“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)