It has been reported in the UK press today that s the Isle of Wight Festival closes, the council has estimated it is worth £15m to the local Hampshire economy. The now annual festival was restarted at Seaclose Park in Newport in 2001 and has since become one of the biggest and indded most popular festivals in the UK Summer Festival circuit. About 50,000 people enjoyed the event this weekend with the Pixies and Neil Young headlining on Sunday.
The local council have said it had helped change the island's image and brought millions into the islands economy each year. John Metcalfe, Isle of Wight Council's assistant director for economic development and tourism, has been quoted as saying that : "The festival is hugely important to the island, especially to Newport.
He went on to say that : "We estimate it is worth at least £10m spent in the Newport shops, and that is just from people from off the island visiting for the festival" and in conclusion he said : "If we put on top of that the money spent by the organisers with island businesses and organisations it is worth at least £15m to the island's economy.
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For the last (nearly) forty years the Isle of Wight has been a separate County, & nothing to do with Devon, Gloucester or Hampshire. This is truly a non story on a non site obviously run by robots only!!!
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