The Highland Council has recently received the results of an independent study it commissioned to assess the impacts of Scotland’s Housing Expo which was held during the month of August 2010 at Balvonie Braes, Milton of Leys, Inverness. The full results of the study will be reported to the Council’s Planning, Environment and Development Committee on Wednesday 17 March 2011.
Costs of developing the site and building the houses were in the region of £14 million. Construction activity on the site created 240 full-time equivalent jobs, 14 apprenticeships and £5.8 million in associated direct income and spend during the construction phase.
Overall the Expo event generated off-site visitor expenditure for the local economy of £457,000 and created some 28 full-time equivalent jobs with related earnings income of £543,000. Ticket and programme sales amounted to £137,000.
The total cost of planning for and running the event (since 2008) amounted to nearly £651,000. The Highland Council contributed £263,000 of this budget and Highlands & Islands Enterprise £70,000.
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