Falmouth

Golf club unveils £9 million scheme to secure its future,
West Briton, 4 February 2009

Falmouth Golf Club has unveiled a multi-million pound redevelopment plan to secure its future. The £9.1 million scheme will see the creation of a new club house, a 16-acre expansion of the golf course and 48 eco-lodges. Club owner DC Hughes Falmouth Ltd wants to establish it as one of the most impressive facilities in the South West. Managing director David Hughes said: “The club is now thriving but still does not make enough profit to cover depreciation and major repairs, let alone any return on capital invested. “This project will significantly enhance Falmouth’s tourism and will be a flagship facility of which everyone should feel proud.” The scheme, which will make use of two fields at Penance Farm, will also include a new pro-shop, indoor training facility, improved landscaping, car parking and a public footpath on Swanpool Road. Work on the golf course extension and improvements are expected to cost £3.5 million, with the lodges a further £5.6 million.

Mr Hughes said the holiday lodges, to be built on two areas, are essential to financing the improvements and provide extra business in quieter periods. As well as safeguarding 20 existing jobs, an extra 14 are expected to be created in the two years following completion.

Interesting Comment by CoSERG

This is the latest of many developments which depend upon housing development to provide funding. Such developments have negative impacts upon Cornish society. They promote Cornwall as a place to buy property, for those affluent enough to do so; thus pushing up house prices. In fact they depend on rising house prices - hardly what Cornwall needs when the gap between house prices and income is one of the worst in the UK. It appears that despite the current fallout from the previous house price boom, which is having a serious impact upon the wider economy, developers are still intent on encouraging another boom in the future. There is a serious need for policies which reduce the role the housing sector in the wider economy.


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