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Economy of Cornwall
The economy of Cornwall in South West England is largely dependent upon agriculture, followed by tourism. Cornwall is one of the poorest areas in the United Kingdom with a GVA of 70.9% of the national average in 2015. It is one of four areas in the UK that qualified for poverty-related grants from the EU. Farming and food processing contributed £366 million to the county's economy in 2006, equal to 5.3% of Cornwall's total GVA. The agriculture industry in Cornwall employed 9,500 people (4.9% of all Cornish employees) as of 2011. 23,700 more (12.1% of all Cornish employees) were employed in the food industry in Cornwall. The Cornish economy also depends heavily on its successful tourist industry, which contributes 12% of Cornwall's GDP and supports about 1 in 5 jobs (19% in Kerrier, Restormel and Scilly, 24% in Penwith, 23% in North Cornwall, 22% in Carrick and 14% in Caradon). Tourism contributed £1.85 billion to the Cornish economy in 2011.
An updated (January 2013) overview of the Cornish economy can be found here.
Cornwall's unique culture, spectacular landscape and mild climate make it a popular tourist destination, despite being somewhat distant from the United Kingdom's main population centres. Surrounded by the Celtic Sea and the English Channel, Cornwall has miles of beaches and cliffs. Other tourist attractions include moorland, country gardens and wooded valleys, and tourism is a significant sector of the economy.
In 2003, five million tourists were visiting Cornwall each year, mostly drawn from within the UK, making up around a quarter of the economy. In particular, Newquay is a popular destination for surfers. In 2004 the Eden Project near St Austell was considered to be a major financial success, drawing one in eight of Cornwall's visitors, though in 2007 it lost its bid to receive an extra £50m lottery grant (for a major expansion) in a public vote. The Eden Trust revealed a trading loss of £1.3 million for 2012–13, on a turnover of £25.4 million. The Eden Project had posted a surplus of £136,000 for the previous year. In 2014, Eden's accounts showed a surplus of £2 million.
Visitors to Cornwall are served by Newquay Airport (at St Mawgan) and formerly by Plymouth City Airport, whilst private jets, charters and helicopters are also served by Perranporth airfield; night sleeper and daily rail services run between Cornwall, London and other regions of the UK.
The Cornwall and West Devon Mining Landscape, which includes select mining landscapes across Cornwall and West Devon, has been a World Heritage Site since July 2006.
Spending by tourists (from overseas) within Cornwall and Scilly brought £128 million to the area in 2013, while internal overnight trips to the area from other areas of the UK brought £1.15 billion and internal day visits brought £745 million.
The expansion of the railway system in the 19th century led to the export of vegetable products, including flowers, becoming a profitable business for Cornwall. The Rev. Canon Arthur Boscawen (1862–1939), rector of Ludgvan from 1893 to 1939, was instrumental in founding the Cornish anemone industry. He also introduced broccoli as a commercial crop from imported German seed. The wet climate and relatively poor soil of Cornwall make it unsuitable for growing many arable crops, but the conditions are ideal for growing the rich grass required for dairying, leading to the production of Cornwall's other famous export, clotted cream. Though it has declined significantly agriculture is still of economic importance.
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Economy of Cornwall
The economy of Cornwall in South West England is largely dependent upon agriculture, followed by tourism. Cornwall is one of the poorest areas in the United Kingdom with a GVA of 70.9% of the national average in 2015. It is one of four areas in the UK that qualified for poverty-related grants from the EU. Farming and food processing contributed £366 million to the county's economy in 2006, equal to 5.3% of Cornwall's total GVA. The agriculture industry in Cornwall employed 9,500 people (4.9% of all Cornish employees) as of 2011. 23,700 more (12.1% of all Cornish employees) were employed in the food industry in Cornwall. The Cornish economy also depends heavily on its successful tourist industry, which contributes 12% of Cornwall's GDP and supports about 1 in 5 jobs (19% in Kerrier, Restormel and Scilly, 24% in Penwith, 23% in North Cornwall, 22% in Carrick and 14% in Caradon). Tourism contributed £1.85 billion to the Cornish economy in 2011.
An updated (January 2013) overview of the Cornish economy can be found here.
Cornwall's unique culture, spectacular landscape and mild climate make it a popular tourist destination, despite being somewhat distant from the United Kingdom's main population centres. Surrounded by the Celtic Sea and the English Channel, Cornwall has miles of beaches and cliffs. Other tourist attractions include moorland, country gardens and wooded valleys, and tourism is a significant sector of the economy.
In 2003, five million tourists were visiting Cornwall each year, mostly drawn from within the UK, making up around a quarter of the economy. In particular, Newquay is a popular destination for surfers. In 2004 the Eden Project near St Austell was considered to be a major financial success, drawing one in eight of Cornwall's visitors, though in 2007 it lost its bid to receive an extra £50m lottery grant (for a major expansion) in a public vote. The Eden Trust revealed a trading loss of £1.3 million for 2012–13, on a turnover of £25.4 million. The Eden Project had posted a surplus of £136,000 for the previous year. In 2014, Eden's accounts showed a surplus of £2 million.
Visitors to Cornwall are served by Newquay Airport (at St Mawgan) and formerly by Plymouth City Airport, whilst private jets, charters and helicopters are also served by Perranporth airfield; night sleeper and daily rail services run between Cornwall, London and other regions of the UK.
The Cornwall and West Devon Mining Landscape, which includes select mining landscapes across Cornwall and West Devon, has been a World Heritage Site since July 2006.
Spending by tourists (from overseas) within Cornwall and Scilly brought £128 million to the area in 2013, while internal overnight trips to the area from other areas of the UK brought £1.15 billion and internal day visits brought £745 million.
The expansion of the railway system in the 19th century led to the export of vegetable products, including flowers, becoming a profitable business for Cornwall. The Rev. Canon Arthur Boscawen (1862–1939), rector of Ludgvan from 1893 to 1939, was instrumental in founding the Cornish anemone industry. He also introduced broccoli as a commercial crop from imported German seed. The wet climate and relatively poor soil of Cornwall make it unsuitable for growing many arable crops, but the conditions are ideal for growing the rich grass required for dairying, leading to the production of Cornwall's other famous export, clotted cream. Though it has declined significantly agriculture is still of economic importance.