Business Improvement District Company, NE1 Ltd assesses the economic impact of Newcastle United’s relegation for the city and while as lifelong NUFC supporters hearts are heavy and huge disappointment reigns, it is not all doom and gloom for Newcastle.
When Newcastle United was last in the Championship league, attendance at home games was on average 5000 less per game. However on the plus side, there are more matches played in the lower league so over the course of the season an additional 100k visitors can be expected in the city.
Commenting on the relegation, Stephen Patterson, director of communications at NE1 Ltd, which represents the business interests of over 1,500 city centre businesses, explained:
“As a lifelong Newcastle fan, its hugely disappointing, but with my business head on I have to recognise that Football isn’t the only string to our bow. The Club is a hugely important part of the city, but it’s worth reminding ourselves that Newcastle is the number one retail destination in North East England. It is also the number one culinary, cultural and hotel destination in the North East of England. We can also boast the largest concentration of finance and professional services in the region.
“Newcastle has a compelling programme of annual events, with highlights across the summer months including Magic Weekend, Newcastle Pride, NE1 Newcastle Motorshow, Monument Movies and NE1 Newcastle Restaurant Week giving hundreds of thousands of people reason to visit.”
“We are a premier league city and I have no doubt that we will, once again have a premier league football team in the not too distant future.”