As you may be aware, the ship building industry tends to be one of the most secure regardless of the surrounding economy. While many yachting companies have converted to building warships, Falmouth (UK) can still act as a location for building superyachts. As you may be aware, there is an enormous difference in the financial demographics of small yacht owners versus those interested in superyachts.
Individuals or businesses looking to own superyachts are still thriving financially. You will also find that businesses looking for superyachts are involved in businesses that were established many years ago. For example, if you manage to secure a luxury yacht contract with a cruise line business, there will be plenty of work for everyone. Therefore, if Falmouth becomes a site for building yachts over 200 ft (60 m) long, it will raise the economy of the local area for a significant amount of time.
These jobs will also be perfect for relatively uneducated or unskilled people. Since these people tend to be hardest hit by economic disasters, being able to provide them with jobs will serve to reduce their reliance on community resources. As they become capable of taking care of themselves, their money will help jump start other parts of the regional economy.
Interestingly enough, there are also non-business owners that may be interested in buying luxury yachts. For example, individuals interested in certain environmental pursuits may want to use a luxury yacht to help raise public awareness of certain issues. In some cases, these individuals may even want to setup classrooms or other types of educational settings on the yacht. As may be expected, you will also find a number of celebrities and politicians that have more than enough money to afford a luxury yacht. While many other individuals may suffer from financial hardship, you can always count on a politician to raise taxes in order to protect his/her ability to pay for a super yacht.
Today, too many people in various industries are desperate for work. A super yacht factory can create several hundred jobs that will remain viable for years on end. In fact, once an order for a vessel comes through, ti can take at least a decade to complete the building process. Since money will be coming in throughout the building process, everyone in the local area stands to benefit. It is also important to realize that a contract for building a super yacht will not be canceled on a whim. Therefore, once the deal is made, everyone can look forward to making a tidy profit.
No matter how you look at it, a super yacht factory in Falmouth will boost the economy in a way that is reliable and consistent. In fact, if you look at other industries that want to move into this area, you will find they do not have the level of stability enjoyed by luxury yacht builders. At the very least, when you have a number contracts in hand that will go on for several years, you will never need to worry about looking for customers.
* * *