This research commissioned by the Historic Vehicle Research Institute assessed the economic impact of the 2014 'Festival of Speed' held between June 26–29 at Goodwood, West Sussex. The research revealed that the event brought over £25 million business to the economy of the study area; generated over 26,000 person-nights’ accommodation for local hotels and guest houses; provided direct temporary employment for over 600 people; caused a further 18,000 person-nights for hotels and guest houses outside the area; was responsible for a further £35.5 million turnover for the national economy net of VAT and contributed over £8.5 million in VAT to government revenue.
|Publisher||Historic Vehicle Research Institute|
|Number of pages||21|
|Publication status||Published - 1 Jun 2015|
Bibliographical note© This publication is subject to copyright and must not be reproduced for sale. Extracts may be reproduced in other publications provided credit is given to both HVRI and the University.
Kaminski, J., Frost, P., Smith, G., & Whyman, J. (2015). Economic impact of the Goodwood Festival of Speed. Historic Vehicle Research Institute. https://hvri.files.wordpress.com/2015/06/fos-2014-report.pdf