23. Business Case for the Boat Compound Scheme in Hornsea’s South Promenade

Business Case for the Boat Compound Scheme in Hornsea’s South Promenade

East Riding of Yorkshire Council

This report by Kada Research in association with AspinallVerdi and Eunomia assesses the business case for the redevelopment of a boat compound on Hornsea’s South Promenade.

Principally this assignment built on a long desire articulated in the Hornsea Masterplan to improve the attractiveness of the sea front for the local community, businesses and visitors. The idea was to improve the fabric of the sea front, its appeal to visitors and the competitiveness of the local commercial fishing fleet and the number of leisure craft. The study built on the feasibility work undertaken to date and was designed to support funding applications to Europe (the European Maritime and Fisheries Fund, EMFF) and a Coastal Communities Fund (CCF) bid to the Big Lottery. The impact assumptions used were informed by discussions with key players (fishermen, Hornsea Inshore Rescue, East Riding of Yorkshire Council staff, and the Holderness Fishing Group), a desk review of key material relating to the scheme and consideration of key economic facts concerning the site. The net costs and benefits have been calculated over 10 years.

Overall the impact study has shown that collectively each of the elements within the Boat Compound Scheme could, with appropriate investment, generate considerable economic and tourism benefits. We believe that the components of the project on analysis appear to be a sound investment with good sustainability potential

“KADA Research worked with us to develop a robust business case for a new visitor development on the Seafront in Hornsea and the extension of the existing Commercial and Leisure Fishing Compounds on the site. The work fed into two large funding applications and so far has directly resulted in an offer in principal from the European Maritime Fisheries Fund and we await the result of a Coast Communities Fund bid.

Working with KADA was like having extra members of the team, it was a true collaboration. They were flexible in their approach and consistently met the required deadlines. We hope to have the opportunity to work with them again in future.
~ Felicity Clayton, 2017, Renaissance Coordinator, East Riding Council