Studies suggest Wakefield City of Culture bid could brings real lasting growth
Studies have been carried out into the longer-term effects of UK Cities of Culture.
Following Hull’s year with the title the University of Hull published its findings.
It said the UK City of Culture year attracted a total audience of 5.3 million.
The university said the projected value of tourism in 2017 was on track to contribute in excess of £300m to the economy.
And nearly 800 new jobs were created in the visitor economy and cultural sector since 2013. It said this was a direct result of investments totalling £219.5m in the cultural and visitor economy, which are fully or partly attributable to Hull being awarded UK City of Culture status in November 2013.
Following the Derry-Londonderry tenure the Enterprise Research Centre published a paper that described growth in the city.
It said: “This effect is not immediately evident but becomes observable two years after the COC itself. Two broad sectors dominate the effect: distribution, transport, accommodation and food and construction.
“Both have significantly outperformed the UK average.”