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Agricultural and Resource Economics | Business | Business Analytics | Economics | Entrepreneurial and Small Business Operations | Recreation Business | Regional Economics | Tourism and Travel
5.2 ECONOMICS AND BUSINESS; Economics; Econometrics; Business and Management.; Cultural and economic geography
This report, commissioned by the Cool Route Project,presents the economic impact of the Marine Leisure Industry in Cork Harbour. The Cool Route Project, funded byInterreg VB1funding, “investigates all aspects of the practical logistics and business potential to establish a bi-directional yacht cruising route along the western offshore areas of the Northern Periphery Area, stretching from Co. Cork in the South of Ireland, to the UK (Northern Ireland and Western Scotland) and onwards to the Faroe Islands and Norway”(Cool Route 2017).Led by theCork Institute of Technology (CIT), the Project partners, also include the Royal Cork Yacht Club, Donegal County Council, Derry City & Strabane District Council, The Port authority of Torshavn (Faroe Islands) Glasgow Caledonian2University, Blue Seas Marinas and the Western Norway Research Institute.Based on definitions by Cork County Council (CCC, 2008) and Expert Group on Future Skills Needsstudy (EGFSN, 2015) and for the purpose of this report, we define the Marine Leisure Industry as:•All leisure boating activity –capturing marine activity from the traditional residential and visiting yachting/cruising3activities to the domestic/local dingy racing activities. •Yachting (racing and cruising), dinghy sailing , kayaking, water skiing, diving, sea angling from boats, sailing, rowing boats and, cruising power boats, RIBs, or boats with in-board/outboard engines, whale/dolphin watching boat trips. The overall aim of this evidence-based report is to capture the current (2016) economic impact of the Marine Leisure activity on the local economy using an economic multiplier for the Irish Marine Leisure Industry4.
Conway Lenihan, A., McGuirk, H. 2017 The Economic Impact of the Marine Leisure Industry Cork Harbour 2017 The Cool Route Project, European Union Regional Fund
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