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Business News Live Business
Music festivals good for the economy
By CMU Editorial | Published on Tuesday 22 September 2009
The Association Of Independent Festivals has done some research on the spending of UK festival-goers and reckons that just the indie festivals staged by AIF members pumped some £135 million into the UK economy, with each of their customers spending on average £408 on festival type shenanigans.
And, of course, that spend doesn’t all go to the festival promoters, local towns and businesses benefit too. Isle Of Wight ferry companies benefit to the tune of £600,000 from Bestival alone, while it’s reckoned the non-camping based Evolution contributed no less than £2.9 million to the Newcastle and Gateshead local communities.
AIF General Manager Claire O’Neill told CMU: “It is clear that independent festivals make a significant contribution not only culturally, but also to the local and UK economy”.
