Falmouth has the third biggest urban population in Cornwall (over 31,000) and has many strengths: a deep water port and docks; historic character as a catalyst for regeneration; a transport hub with a well used branch line; Combined Universities Cornwall hub; Falmouth Marine School; the marine sector; tourism. These all combine to put Falmouth at the forefront of the new Cornish economy.
The importance of the docks means that Falmouth is a key gateway in Cornwall and the development of the Port Masterplan will address the key challenges and opportunities facing the town. Investment in Broadband will benefit local businesses and encourage new businesses to relocate to the county and the universities continue to attract students to Falmouth and Penryn who then choose to stay and keep their skills in Cornwall.
The private sector is coming out of recession but the public sector recession is about to begin. The Government must make cuts throughout the public services to reduce national debt. The SW Regional Development Agency will go but will be replaced by Local Enterprise Partnerships but there is a commitment to work together to integrate services more effectively.
The emphasis will be on investment in transformational projects (those which deliver the most economic impact) and Falmouth has several of these projects in the pipeline, the biggest of which is the marina project making berthing available for superyachts.
It is an exciting time for Falmouth and the Museum will make its contribution to the new Cornish economy both as a tourist attraction and a local business.