Cowes of the North - Isle of Man Government

5 Conclusion
5.1 Key Findings
This is a tricky study to undertake. It is concerned with the maturation of an industry currently
in its early development, and the quantitative identification of future benefits.
The following facts are established:
♦ Isle of Man Harbours has the opportunity to develop some 930 new pontoon berths in the
next 10 years, of which 610 berths are currently planned. Subsequent to this it has further
options with Port Erin.
♦ Isle of Man currently offers very low provision of marinas in comparison to Jersey and the Isle
of Wight, and relatively low boat ownership considering its island character.
♦ The current provision of drying swinging moorings, and non - pontoon moorings in impounded
docks, attracts a revenue of about £100 pa 4 . A non-drying pontoon berth with access + / - 2
hrs on HW attracts a revenue of £1,000 pa, and all the available berths (in Douglas) have
been quickly taken up by residents. Marina berths offering 24 hr access would attract a
significant premium, confidently assessed at an average of £2,500 pa.
♦ Islanders are relatively affluent and live in a low tax environment. There is strong
circumstantial evidence that there is latent demand from residents for marina berths.
♦ There is a shortage of berths in the UK and Ireland, and there are good and improving flight
connections from the Island to major cities.
♦ The Isle of Man sits in the middle of the Irish Sea, providing a mini cruising ground in its own
right, and easy cruising to three markets (Northwest, North Wales, East of Ireland) which offer
good facilities and cultural / lifestyle attractions.
♦ The current provision of support services for the industry is constrained. It could expand
considerably and provide more employment.
♦ The Isle of Man will keep VAT collected by Isle of Man Harbours on charges for marina
berths. It will also benefit from the value of visitors via the common purse agreement.
The economic benefit analysis is forward looking, and this means that we must make
assumptions on the demand for berths, the number of berths built, and the charges for these.
There is no right or wrong in this exercise.
Based on our experience, which includes current assignments concerning expansion of
marine leisure in both Dun Laoghaire and the Fal in Cornwall, we have developed what we
consider to be reasonable benchmarks for demand considering the Island’s attributes, and
assuming that Isle of Man Harbours is committed to developing and marketing facilities, and
providing quality service. The key benchmarks are:
♦ In 20 years time, there will be about 1,800 berths and moorings, including 930 new pontoon
berths, on the Isle of Man. This compares with current provision of about 1,700 on Jersey,
which has a similar population.
♦ The number of visiting boats will increase from current levels of 1,500 pa to about 7,000 pa in
20 years time – again similar to Jersey today.
4 All revenues excluding VAT.
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