Air show made a £582,000 loss it is claimed
PUBLISHED: 09:04 28 September 2018 | UPDATED: 14:38 28 September 2018
This summer's Great Yarmouth Air Show is reported to have made a loss of £582,000.
The two day air show was held on June 16 and 17 and was organised by the Greater Yarmouth Tourism and Business Improvement Area, (GYTABIA), with businesses paying a levy to fund the show.
It has been reported the air show accounts show it made a loss of £582,000 and that income from park and ride systems was £100,000 down on what was predicted.
It is said that next year’s overall budget for the tourism body will have a £60,000 shortfall.
The accounts were leaked to BBC Radio Norfolk and air show organiser David Marsh said that the event is due to go ahead in some form next year, but will probably not be over a two day period but over the course of the summer in a series of linked aerial events.
An example of future events could be a one off display of the Red Arrows, which cost £30,000 to book for this summer’s event.
It has also been said that some traders, especially ones that come into the town for the weekend show, did not make the profit they hoped to.
The report of the leaked accounts follow a facebook statement yesterday from the air show organisers which said: “A series of flying displays are being considered by our organisers, The Greater Yarmouth Tourism and Business Improvement Area, (GYTABIA) for next year rather than over just one weekend.
“We’ve learnt a huge amount from this year’s air show and we’re looking forward to future events.”
It is said 175,000 people enjoyed the show over the two days.