busselton entertainment arts + culture hub (beach): economic … · 2019-12-11 · economic...

Busselton Entertainment Arts + Culture Hub (BEACH): Economic Assessment

Prepared for City of Busselton November 2018

Economic Assessment of Busselton Entertainment Arts + Culture Hub (BEACH)

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CONTENTS INTRODUCTION .......................................................................................................................................................................... 1

Objective .......................................................................................................................................................................................................................................... 1Overview ........................................................................................................................................................................................................................................... 1

MARKET DEMAND ..................................................................................................................................................................... 2Forecast Demand ........................................................................................................................................................................................................................ 2

Performing Arts ................................................................................................................................................................................................................................................ 2Business Events ................................................................................................................................................................................................................................................ 4

Comparative Venues ................................................................................................................................................................................................................. 5ECONOMIC IMPACT .................................................................................................................................................................... 7

Approach .......................................................................................................................................................................................................................................... 7Output ................................................................................................................................................................................................................................................................... 7Income .................................................................................................................................................................................................................................................................. 7Employment ...................................................................................................................................................................................................................................................... 8Value Added ...................................................................................................................................................................................................................................................... 8

Limitations ....................................................................................................................................................................................................................................... 8Data Inputs ...................................................................................................................................................................................................................................... 9Displacement & Leakages ................................................................................................................................................................................................... 11Impact Assessment ................................................................................................................................................................................................................. 12

Construction Phase .................................................................................................................................................................................................................................... 12Operating Impact ........................................................................................................................................................................................................................................ 13Indirect Tourism Impact .......................................................................................................................................................................................................................... 14Impacts on Other Industries ................................................................................................................................................................................................................. 15

COST BENEFIT ASSESSMENT ................................................................................................................................................... 16Evaluation Framework .......................................................................................................................................................................................................... 16Key Inputs and Assumptions ............................................................................................................................................................................................ 16

Costs .................................................................................................................................................................................................................................................................... 16Benefits ............................................................................................................................................................................................................................................................... 17Evaluation Period ......................................................................................................................................................................................................................................... 17Sensitivity Analysis ...................................................................................................................................................................................................................................... 17

Results ............................................................................................................................................................................................................................................. 18APPENDIX A: DISAGGREGATED INDUSTRY IMPACTS ................................................................................................................ 19

Disclaimer Lawrence Consulting does not warrant the accuracy of this information and accepts no liability for any loss or damage that you may suffer as a result of your reliance on this information, whether or not there has been any error, omission or negligence on the part of Lawrence Consulting or its employees. Prepared by:


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INTRODUCTION

Objective Lawrence Consulting was commissioned by the City of Busselton to undertake a market demand and economic impact assessment of the proposed Busselton Entertainment Arts + Culture Hub (BEACH), the aim of which is to establish the anticipated demand for the facility and to demonstrate the economic benefit of the project to the City of Busselton and South West region and subsequently ensure the efficient allocation of public and private funding. The assessment follows a previous study completed by Lawrence Consulting in conjunction with Studio Evans Lane (SEL) in 2016 which established demand and initial designs for a performing arts and convention centre in the City of Busselton. The scope of the economic assessment included: • Comprehensive market analysis to establish the projected current and future demand for the proposed BEACH

and subsequent implications for capacity and operation of the facility; • Determination of the total direct, indirect and consumption-induced economic benefit to the economy of the

City of Busselton of the proposed BEACH; and • Evaluation of the direct costs and benefits to the community resulting from the BEACH. This report details the following key components of the economic assessment undertaken: • Market demand assessment (including catchment analysis, forecast demand and comparative venue analysis); • Economic impact analysis (including direct, indirect, consumption-induced and catalytic/spill over benefits); • Evaluation framework and guidelines; • Cost benefit analysis (including approach, key inputs and assumptions and scenarios modelled); • Results of analysis, including Net Present Value (NPV) and Benefit Cost-Ratio (BCR); and • Sensitivity analysis. The economic impact assessment has concentrated on the impact of both the construction and operating phase of the proposed centre as well as the indirect impact of increased visitor spending in the region as a result of the BEACH. The Precinct may also be a catalyst for further commercial development within the City of Busselton in the area surrounding the cultural and training precinct, although this has not been included as part of the analysis.

Overview The project has been considered and designed by SEL as a fully functioning Conference, Exhibition and Performance venue located on Queen Street in the Busselton Cultural Precinct. Current concept designs illustrate how the new facility integrates with the existing Weld Theatre and Heritage-Listed ArtGeo Gallery, maximising the appeal and use of those community facilities. The BEACH will be a high quality, technically advanced, flexible and adaptable facility capableof serving the local and regional communities adding to the wider regional business events and performance offer. Working in conjunction with venues in Margaret River, Bunbury and Busselton, creating an urban / peri-urban complimentary alternative to the rural wineries and resorts. The facility will be able to host a wide range of functions providing for small-scale community or corporate meetings of 20 up to over 1,000 Delegates at major regional conferences and trade shows. The following sections of this report present the results of the economic assessment.


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MARKET DEMAND

Forecast Demand Performing Arts Attendance demand for the proposed BEACH has been estimated on the basis of the average propensity to consume performing arts experiences for Regional Western Australia. The following table shows the proportion of persons living in Regional Western Australia who attend various types of cultural performances per annum and the related frequency of attendance for each. For example, approximately 5.4% attended a classical music concert in the year prior to being surveyed; of these people, 36.0% had attended just one classical music concert, 30.2% two classical music concerts etc., with an overall average frequency of 2.22 classical music concerts attended annually. Attendance Rate and Frequency at Cultural Performance Events, Western Australia (%) Performance type Attendance

rate Annual frequency of attendance

Regional WA

Once Twice Three times Four or more times

Average frequency

Classical music concerts 5.4 36.0 30.2 9.4 24.4 2.22 Popular music concerts 28.5 34.5 25.5 12.2 27.9 2.34 Theatre performances 15.1 47.8 25.8 9.4 16.9 1.95 Dance performances 5.9 61.3 21.8 6.3 10.7 1.67 Musicals and operas 10.8 59.4 21.4 9.5 9.6 1.69 Other performing arts 21.8 67.8 18.3 5.5 8.4 1.55 Total attending at least one performing arts event

50.0

Source: ABS 4114.0 Attendance at Selected Cultural Venues and Events 2009-10 and 2013-14, Lawrence Consulting The average propensity to attend performing arts for Regional Western Australia has been applied to the current and forecast population of the City of Busselton to estimate the total demand for performing arts attendance in the region. Applying the propensity to consume performing arts experiences only (not taking into account average frequency), the current total persons within the City of Busselton expected to attend performing arts events is approximately 18,840 performing arts in 2016, increasing to over 30,400 by 2046. Total Persons Attending Performing Arts Events, City of Busselton Performance type Year 2016 2021 2026 2031 2036 2041 2046 Classical music concerts 2,018 2,216 2,447 2,669 2,875 3,070 3,257 Popular music concerts 10,741 11,796 13,023 14,208 15,303 16,344 17,336 Theatre performances 5,704 6,264 6,915 7,544 8,126 8,679 9,206 Dance performances 2,228 2,447 2,701 2,947 3,174 3,390 3,596 Musicals and operas 4,056 4,454 4,917 5,364 5,778 6,171 6,546 Other performing arts 8,216 9,023 9,961 10,868 11,705 12,502 13,261 Total persons attending performing arts event

18,840 20,690 22,842 24,920 26,840 28,667 30,407

Total population 37,673 41,373 45,675 49,830 53,671 57,324 60,802


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Taking into account the average frequency of attendance of different performance types, the total number of attendances at performing arts events from the population of the City of Busselton is forecast at almost 64,000 in 2016, increasing to over 103,200 attendances in 2046. Research conducted by Lawrence Consulting suggests that the proportion of local audience share for regional performing arts venues typically ranges between 80-90%; applying an indicative average local share of 85% indicates that the total potential attendance for the BEACH is approximately 75,300 persons in 2016, increasing to almost 121,500 persons in 2046. If half of these performing arts experiences were consumed at the BEACH, the current forecast demand is approximately 37,640 performing arts seats annually, increasing to over 60,700 attendees in 2046. Expected Demand for Persons Attending Performing Arts Events, City of Busselton and BEACH Performance type Year 2016 2021 2026 2031 2036 2041 2046 Classical music concerts 4,484 4,924 5,436 5,931 6,388 6,823 7,237 Popular music concerts 25,103 27,568 30,435 33,203 35,763 38,197 40,515 Theatre performances 11,134 12,227 13,499 14,727 15,862 16,941 17,969 Dance performances 3,712 4,077 4,501 4,910 5,288 5,648 5,991 Musicals and operas 6,858 7,532 8,315 9,071 9,770 10,435 11,069 Other performing arts 12,694 13,941 15,390 16,790 18,084 19,315 20,487 Total attendance 63,985 70,268 77,576 84,632 91,155 97,360 103,268 Total potential BEACH attendance based on % local audience share: 80% 79,981 87,835 96,970 105,790 113,944 121,700 129,085 85% 75,276 82,669 91,266 99,567 107,241 114,541 121,492 90% 71,094 78,076 86,195 94,036 101,284 108,178 114,742 Expected BEACH attendance based on capture rate:

50% 37,638 41,334 45,633 49,784 53,621 57,271 60,746 75% 56,457 62,001 68,449 74,675 80,431 85,906 91,119

Further analysis identifies the number of shows required over time for a theatre with seating capacity of 650 seats as per the current BEACH design based on an assumed average attendance of 85% (derived from regional benchmarks for similar venues) and a capture rate of 50% of potential regional attendances at performing arts events. Under this scenario, the BEACH would deliver 68 shows in the first year of operation (1.3 per week), increasing to 110 shows in 2046 (2.1 per week).

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

2016 2021 2026 2031 2036 2041 2046

Performing Arts Demand Attendance BEACH

Total potential attendance at performing arts events Est. PACC demand (75%) Est. PACC demand (50%)


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Expected Number of Performing Arts Events, BEACH Frequency Year 2016 2021 2026 2031 2036 2041 2046 Annually 68 75 83 90 97 104 110 Weekly 1.3 1.4 1.6 1.7 1.9 2.0 2.1 Note: The theatre will have capacity to deliver more than one show per day. Business Events As well as providing a contemporary venue for performing arts, the proposed BEACH will also have as a core objective the capacity to host key business events for the City of Busselton and Capes region, which currently has few suitable venues. The business event, or MICE, industry comprises three market segments: meetings and conventions, exhibitions and incentives (i.e. travel rewards to motivate and recognise staff for performance). A study conducted by Ernst & Young on behalf of the Business Events Council of Australia identified that over 38 million people attended more than 429,500 business events across Australia in 2015/16. These business events directly generated: • $30.2 billion in direct expenditure • $13.9 billion in direct value added • 193,479 direct jobs Segregated market data from the 20115/16 report is not available, however detailed information from the previous study completed in 2013/14 demonstrate the relevance and impact from business events across all states of Australia. Meetings and conventions form the largest component of the industry in terms of events, delegate numbers, expenditure and value add. In contrast, incentives form the smallest component of the industry in terms of delegates. However, the high yield associated with incentive events results in a larger share of direct expenditure. Summary of Business Events in Australia, 2013/14 Meetings and

conventions Exhibitions Incentives Total

Number of events 391,060 2,157 18,787 412,004 Number of delegates (million) 26.5 9.4 1.3 37.2 Direct expenditure ($ billion) 23.2 3.1 1.7 28.0 Direct value added ($ billion) 11.3 1.5 0.7 13.5 Jobs 147,491 21,525 10,342 179,357 Source: Ernst & Young

Source: Ernst & Young

122,931118,713

68,159

24,85531,700

18,87311,107

15,6660

20,000

40,000

60,000

80,000

100,000

120,000

140,000

New South Wales Victoria Queensland South Australia Western Australia Tasmania Northern Territory ACT

Business Events by State2013/14


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Regarding the size of the business events industry in Western Australia, there were approximately 31,700 events held in 2013/14 with a total attendance of almost 2.8 million delegates. These events generated direct expenditure of approximately $1.8 billion, value added of $836 million and 11,931 jobs. Business Events by State State/territory Events Delegates Average

delegates Direct spend

Value added

Jobs

No. % of total No. % of total No. $M $M No. New South Wales 122,931 29.8% 10,337,663 27.8% 84.1 7,547 3,940 46,031 Victoria 118,713 28.8% 10,854,577 29.2% 91.4 9,988 4,641 65,479 Queensland 68,159 16.5% 6,590,866 17.7% 96.7 4,335 2,062 27,705 South Australia 24,855 6.0% 2,422,669 6.5% 97.5 1,864 862 12,783 Western Australia 31,700 7.7% 2,775,415 7.5% 87.6 1,819 836 11,931 Tasmania 18,873 4.6% 1,578,776 4.2% 83.7 972 420 6,793 Northern Territory 11,107 2.7% 895,299 2.4% 80.6 618 276 3,141 ACT 15,666 3.8% 1,698,628 4.6% 108.4 989 427 5,495 Total Australia 412,004 100.0% 37,153,893 100.0% 90.2 28,132 13,464 179,358 Source: Ernst & Young Whilst the study does not breakdown the total industry contribution by regional and metropolitan areas, approximately 44% of business events were held in regional areas with around 36% of total delegates. Regional Contribution of Business Events % of events held in

regional Australia % of delegates attending regional events

Meetings and conventions 43.8% 39.8% Exhibitions 30.0% 27.0% Incentives 42.1% 36.5% Source: Ernst & Young Applying these proxy indicators to the business event industry in Western Australian, the total market for regional WA in 2015/16 was estimated at almost 12,300 events annually with over 1 million delegates and associated direct expenditure of approximately $734 million. Based on a simple per capita allocation, the expected demand for business events in the City of Busselton is over 960 events per annum with an estimated 68,000 delegates and spending impacts of approximately $49 million. Estimated Demand for Business Events in Regional Western Australia Meetings and

conventions Exhibitions Incentives Total Estimated

demand, Busselton (per capita share)

Number of events 14,285 74 78 14,437 966 Number of delegates 755,103 233,622 27,780 1,016,505 68,035 Direct expenditure ($ million) 595.4 81.0 58.1 734.4 49.2 Source: Ernst & Young, Lawrence Consulting

Comparative Venues There are currently no other large venues in the City of Busselton dedicated to performing arts; smaller local events are staged at the Weld Theatre, which provides an intimate theatre experience with a restricted capacity of 138 seats. The Weld Theatre is generally viewed as a community asset that hosts work performed by the Busselton Repertory Club and other groups, with a schedule of events that includes a number of performances of the annual pantomime, the fringe festival and other plays, dancing and theatrical shows.


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An initial review of the current local conferencing and event offer was undertaken by SEL, including the following venues: • Abbey Beach Resort• Geographe Bayview Resort• The Ramada (previously Wyndham resort) • Pullman Bunker Bay Resort• Old Broadwater Farm• The Equinox The review established that there is little capacity in existing venues for medium to large scale business events in excess of 300 people and consequently there will be minimal displacement caused by the BEACH, particularly given the conservative number of events to hosted relative to the potential future demand. In contrast, the BEACH will be designed to handle larger events, as well as growing the entire MICE industry in Busselton significantly, which should then allowfor some organic growth for these other venues and also scope for working in partnership to meet the anticipated demand as previously established.


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ECONOMIC IMPACT

Approach Developments such as the proposed BEACH generate economic benefits for the regional economy through expenditure associated with the development and construction of the site and infrastructure as well as the on-going benefits associated with increased expenditure / turnover within the region that would otherwise not have occurred. If the proposed development will generate increased economic activity for the region over and above that of the economic activity generated by the existing land use, then it may be considered a positive development for the region in economic terms. The contribution made by the proposed BEACH to the economy of the City of Busselton and the South West region of Western Australia has been assessed using LocalImpact, an economic model developed specifically for these regions. The stimulus from economic activity can be traced through the economy in several different ways: • The first round effect, or direct effect, are those from the activities expenditure in purchasing goods from other

industries; • The second round effects are those from the supplying industries increasing their purchases to meet the

additional demand. The second and subsequent rounds of purchasing are termed the indirect effects; and • The consumption-induced effects, which recognise that the level of local production is important in

determining regional levels of household consumption, that this in turn will be spent locally to a large extent and therefore influence the level of regional consumption and the level of output of each sector.

(Note: Caution should be exercised when interpreting the consumption impacts as they are generally expected to overestimate the actual impact.) These effects can be represented by multipliers. There are commonly four different types of multipliers: • Output; • Income; • Employment; and • Value added. Output The output impact measures the increase in gross sales throughout the whole economy by summing all the individual transactions resulting, directly and indirectly, from the economic stimulus. The output impacts, are however, regarded as overstating the impact on the economy as they count all goods and services used in one stage of production as an input to later stages of production, hence counting their contribution more than once. Income The income impact measures the additional amount of wages and salaries paid to employees of the industry under consideration and to other industries benefiting from the stimulus to the economy.


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Employment The employment impact measures the number of jobs created by the stimulus, both directly and indirectly. It should be noted that the short-term response to increased demand might be for employers to ask existing staff to work overtime. As a consequence, lower employment than the level indicated by the economic impact of the stimulus will result. This short-term scenario is particularly true where the demand stimulus is seen as temporary or where there is spare capacity in the economy (i.e. unemployment). Value Added The value added or Gross Regional Product1 (GRP) impact measures only the net activity at each stage of production. GRP is defined as the addition of consumption, investment and government expenditure, plus exports of goods and services, minus imports of goods and services for a region. The GRP impacts are the preferred measure for the assessment and contribution of a stimulus to the economy.

Limitations Limitations or qualifiers that should be raised when using input-output analysis include: • The inputs purchased by each industry are a function of the level of output of that industry. The input function is

generally assumed linear and homogenous of degree one (which implies constant returns to scale and no substitution between inputs);

• Each commodity (or group of commodities) is supplied by a single industry or sector of production. This implies

that there is only one method used to produce each commodity and that each sector has only a single primary output;

• The total effect of carrying on several types of production is the sum of the separate effects. This rules out

external economies and diseconomies and is known simply as the additivity assumption. This generally does not reflect real world operations;

• The system is in equilibrium at given prices. This is obviously not the case in an economic system subject to

external influences; • In the static input-output model, there are no capacity constraints so that the supply of each good is perfectly

elastic. Each industry can supply whatever quantity is demanded of it and there are no capital restrictions. This assumption would come into play depending upon the magnitude of the changes in quantities demanded, brought about through changes in taxation levels; and

• The input-output model is an optimisation model that allocates resources between sectors to their most

efficient use. This is not expected to happen all of the time in the “real world” and as such results from the input output analysis may overestimate the actual impact delivered on ground.

Input-output techniques provide a solid approach for taking account of the inter-relationships between the various sectors of the economy in the short-term and hence are an appropriate tool for determining the direct and indirect economic impact of the proposed BEACH.

1 This is also known as Gross State Product (GSP) or Gross National Product (GNP) depending on the level of the analysis.


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Data Inputs The BEACH has a total capital expenditure component of approximately $19.8 million during a construction phase of two years and subsequent annual depreciation costs of approximately $247,500 based on a 60-year period and 25% residual. It is anticipated that the project will largely be completed over the period January 2020 to December 2021, with the first operating year being the 2020/21 financial year (50% operations) and the first full operating year being the 2021/22 financial year. Indicative operating revenues and expenditures for the proposed BEACH have been based on a number of key assumptions, which are contained in the following table. Proposed BEACH Operating Budget Inputs Input Year 1

(transition) Year 2 Year 3 Year 4 Year 5

Ticket Pricing (Avg) Standard hire $65 $66 $68 $69 $70 PACC programming $45 $46 $47 $48 $49 Venue Utilisation Standard hire 25 27 30 32 35 PACC programming 15 20 25 25 25 Community hire/Local NFP 30 50 60 70 80 Total performing arts events 70 97 115 127 140 Venue Rental (Net) Standard hire $2,500 $2,575 $2,652 $2,732 $2,814 PACC programming $2,000 $2,060 $2,122 $2,185 $2,251 Community hire/Local NFP $1,500 $1,545 $1,591 $1,639 $1,688 Attendance Occupancy Main auditorium (650-seat) 60% 60% 62% 63% 65% Attendances Main auditorium 42,000 58,200 71,300 80,010 91,000 Community workshops (training and learning)

10,928 21,855 22,948 24,095 25,300

MICE functions 4,665 5,475 6,475 7,385 7,385 Restaurant/Café 7,500 19,417 21,428 22,885 24,440 Total attendance 65,093 104,947 122,151 134,375 148,125 Staffing (FTEs) Executive & administration 1.4 1.6 1.6 1.6 1.6 Venue operations 1.7 2.3 2.5 2.6 2.7 FOH/event staff (recoverable) 1.2 1.6 1.9 2.2 2.3 BOH/technical Staff (recoverable) 1.2 2.2 2.7 3.5 3.2 Performance & marketing 2.4 3.2 2.9 2.9 2.9 Total staff 7.9 11.0 11.6 12.7 12.7 Future expenditures derived for the proposed BEACH have been based on extensive financial budget modelling and indicative event scheduling prepared by Lawrence Consulting and Studio Evans Lane and are estimated at approximately $1.3 million per annum in the first full year of operation (Year 2), increasing to approximately $1.7 million in Year 5, as per the following table. Similarly, projected revenue based on the assumed venue utilisation, rental rates and ticket pricing are outlined with expected revenue in Year 2 of $1.1 million increasing to $1.5 million in Year 5.


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Estimated Operating Budget for Proposed BEACH ($) Year 1

(transition) Year 2 Year 3 Year 4 Year 5 Est. % local

spend Revenue Contributed - Sponsors, Donors, Endowments

45,000 47,500 46,250 48,125 51,563

Theatre Rentals 151,250 206,773 250,903 282,470 318,800 Other Facility Rentals 54,525 109,050 114,503 120,228 126,239 Catering/Food & Beverage 79,341 122,708 150,232 178,126 194,004 Other - Ticketing, Merchandise 88,200 134,662 167,843 192,815 224,298 Programming Revenue 332,575 496,670 593,108 600,387 608,030 Total Revenue 750,891 1,117,362 1,322,838 1,422,150 1,522,934 Expenditure Salaries & Wages 551,795 582,256 605,985 635,572 650,840 100% Other Employee Related Costs 33,518 20,823 21,310 21,862 22,015 65% Occupancy 51,000 105,500 108,138 110,841 110,841 40% Communications 11,000 18,000 18,450 18,911 18,911 45% Marketing & Publicity 109,500 63,500 65,088 66,715 66,715 55% Travel, Accommodation & Entertainment

26,500 19,500 19,988 20,487 20,487 65%

Stationery & Photocopying 14,000 15,500 15,888 16,285 16,285 90% Professional Fees 25,000 5,500 5,638 5,778 5,778 55% Other Overheads 82,000 36,000 37,275 38,557 41,557 65% Production Maintenance 20,000 15,000 15,375 15,759 15,759 65% Hirer Amenities 0 1,000 1,025 1,051 1,051 65% Programming Expenditures 372,808 563,215 678,586 697,689 717,452 65% Total Expenditure 1,297,121 1,445,794 1,592,743 1,649,508 1,687,690 Operating surplus/deficit -615,555 -328,432 -269,905 -227,358 -164,756 The proposed BEACH is expected to be a significant cultural and tourism attraction for both local residents and domestic and international visitors to the region. Approximately 105,000 visitors are expected to attend the proposed BEACH during the first full year of operation (Year 2), increasing to over 148,000 within five years. The total number of visitors from outside the City of Busselton is estimated at approximately 7,600 in the first full year of operation, increasing to almost 14,700 in Year 5. Taking into account regional length of stay, visitor origin and expenditure patterns, the gross annual stimulus to the City of Busselton economy associated with the expected total attendance numbers at the proposed BEACH in the first full year of operation is estimated at $1.8 million, increasing to approximately $3.5 million in Year 5. A summary of the indirect tourism expenditure is provided in the following table. Estimated Annual Indirect Tourism Expenditure by Type, Proposed BEACH Expenditure type Off-site expenditure ($ million) Year 2 Year 5 Accommodation 0.432 0.836 Food & beverage 0.652 1.260 Transport 0.018 0.035 Retail shopping 0.036 0.069 Attractions 0.614 1.188 Other 0.070 0.135 Total indirect expenditure 1.822 3.522


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Estimated Annual Indirect Tourism Expenditure by Type, Proposed BEACH Expenditure type Off-site expenditure ($ million) Year 2 Year 5 Annual visitors: Domestic day 4,725 9,138 Domestic and international overnight 2,867 5,543 Total 7,592 14,681 Disaggregated industry outputs were provided as part of the analysis to demonstrate the impacts of the proposed BEACH on all 114 sectors included in the input-output model; these are provided in Appendix A.

Displacement & Leakages Displacement arises when an economic stimulus such as a development project or initiative (e.g. BEACH) takes market share from other existing local firms or organisations, or ‘displaces’ alternative uses of project funds that might otherwise have occurred. For the purpose of this analysis, there are expected to be some minor displacement effects relating to the regionally-sourced component of project funding, although only to a limited extent; therefore, a low level of displacement has been assumed (10%). Leakages are defined as the proportion of project outputs that flow out of the catchment area, i.e. purchases from outside the region. During the construction and operating phases of the BEACH project, it has been assumed that the majority of benefits/purchases will be retained within the catchment area, with consequently a medium to low level of leakages allowed for (25%). In relation to the indirect tourism benefits, for the purpose of this analysis it has been assumed that the City of Busselton is a closed economy, i.e. any displacement and leakages are considered marginal. All expenditure related to these elements of the project is therefore assumed to be made within the region – where not otherwise identified – in order to represent the additional economic activity generated by the proposed BEACH.


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Impact Assessment Construction Phase The proposed BEACH is expected to cost approximately $19.8 million in development and construction costs. After assumed displacement and leakages are taken into account, the gross stimulus for the regional economy will be approximately $12.9 million. The regional economic impact – i.e. direct, indirect and consumption-induced – associated with the construction phase of the proposed BEACH on the economy of the City of Busselton include (refer table below): • An estimated direct output of $12.9 million and additional flow on increases in output of $8.7 million through

other industries, for a total industry impact of $21.6 million. A further $5.4 million in output in the region can be associated with consumption-induced effects;

• Estimated direct income (wages and salaries) of $1.7 million, with $1.7 million in additional income generated

through flow on effects in other industries and a further $1.6 million from household spending; • Approximately 16.6 direct cumulative full-time equivalent (FTE) employment positions, with an estimated

additional 34.0 employment positions supported indirectly through other industries and household consumption for a total employment impact of 50.6 FTEs. Of the total employment supported, it is estimated that the number of jobs created for indigenous persons is approximately 1.6 FTEs (0.5 direct/1.1 indirect), whilst the number of youth jobs is approximately 12.3 FTEs (4.0 direct/8.3 indirect); and

• An estimated contribution to GRP of $3.9 million from direct effects, with a further flow on impact of $3.1 million

through other industries for a total industry value added of $7.0 million. An additional $2.2 million in gross regional product can be attributed to consumption-induced effects. The total value added impact of $9.2 million would constitute an increase of 0.5% to the GRP for the City of Busselton ($1.8 billion).

Economic Impact of Proposed BEACH – Construction Phase City of Busselton South West Western Australia Australia Output ($ million) Direct 12.9 12.9 19.8 19.8 Indirect 8.7 11.3 19.5 27.5 Consumption 5.4 9.2 19.6 19.8 Total 27.0 33.4 58.9 67.1 Income ($ million) Direct 1.7 1.7 2.6 2.6 Indirect 1.7 2.4 4.4 6.0 Consumption 1.6 4.6 9.2 9.6 Total 5.1 8.8 16.3 18.3 Employment (fte persons) Direct 16.6 16.6 25.6 25.6 Indirect 17.6 21.5 37.9 52.7 Consumption 16.4 50.8 94.5 97.4 Total 50.6 88.9 158.0 175.7 3.0 Value added ($ million) Direct 3.9 3.9 6.1 6.1 Indirect 3.1 3.8 7.0 9.6 Consumption 2.2 6.6 13.4 16.3 Total 9.2 14.3 26.4 31.9 % change in baseline GRP 0.52% 0.12% 0.01% 0.00%


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Operating Impact The net annual regional economic impact – i.e. direct, indirect and consumption-induced – associated with the proposed BEACH in the first full year of operation (i.e. Year 2) on the economy of the City of Busselton include (refer table below): • An estimated direct output of $1.0 million and additional flow on increases in output of $0.4 million through






through other industries for a total industry value added of $0.7 million. An additional $0.2 million in gross regional product can be attributed to consumption-induced effects. The total value added impact of $1.0 million would constitute an increase of 0.06% to the GRP for the City of Busselton.

Economic Impact of Proposed BEACH – Operating Phase (Year 2) City of Busselton South West Western Australia Australia Output ($ million) Direct 1.0 1.1 1.3 1.3 Indirect 0.4 0.5 0.7 1.1 Consumption 0.6 0.9 1.4 1.7 Total 2.0 2.4 3.4 4.1 Income ($ million) Direct 0.6 0.6 0.6 0.6 Indirect 0.4 0.4 0.5 0.6 Consumption 0.2 0.5 0.7 0.8 Total 1.1 1.5 1.8 2.0 Employment (fte persons) Direct 11.0 11.0 11.0 11.0 Indirect 6.2 6.5 8.2 9.7 Consumption 1.8 5.2 7.3 7.9 Total 19.1 22.8 26.5 28.6 Value added ($ million) Direct 0.5 0.6 0.7 0.7 Indirect 0.2 0.2 0.3 0.5 Consumption 0.2 0.7 1.0 1.3 Total 1.0 1.4 2.0 2.5 % change in baseline GRP 0.06% 0.01% 0.00% 0.00% Note: Annual impact in first full year of operation


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Indirect Tourism Impact The proposed BEACH is expected to enhance visitor numbers to the City of Busselton and South West region. The economic impacts of the indirect tourism expenditure associated with visitors attending the proposed BEACH in the first full year of operation (Year 2) for the City of Busselton include (refer table below): • An estimated direct output of $1.8 million and additional flow on increases in output of $0.9 million through






through other industries for a total industry value added of $1.3 million. An additional $0.5 million in gross regional product can be attributed to consumption-induced effects. The total value added impact of $1.8 million would constitute an increase of 0.1% to the GRP for the City of Busselton.

Economic Impact of Proposed BEACH – Indirect Tourism Expenditure City of Busselton South West Western Australia Australia Output ($ million) Direct 1.8 1.8 1.8 1.8 Indirect 0.9 1.0 1.1 1.6 Consumption 1.2 1.7 2.3 2.3 Total 3.9 4.5 5.2 5.7 Income ($ million) Direct 0.5 0.5 0.5 0.5 Indirect 0.2 0.2 0.3 0.4 Consumption 0.3 0.9 1.1 1.2 Total 1.1 1.7 1.9 2.1 Employment (fte persons) Direct 11.1 11.1 11.1 11.1 Indirect 2.2 2.3 2.7 3.8 Consumption 3.6 9.9 11.7 11.8 Total 17.0 23.3 25.4 26.7 1.5 Value added ($ million) Direct 0.9 0.9 0.9 0.9 Indirect 0.4 0.4 0.5 0.7 Consumption 0.5 1.3 1.6 1.9 Total 1.8 2.6 3.1 3.5 % change in baseline GRP 0.10% 0.02% 0.00% 0.00% Note: Annual impact in first full year of operation


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Impacts on Other Industries The flow-on impacts from the proposed BEACH to other industries across the City of Busselton is substantial and has been disaggregated in order to measure the contribution in other areas of the economy. The following table demonstrates that the Accommodation & Food Services industry benefits most in terms of total output ($1.4 million), followed by Arts & Recreation Services ($1.0 million), Manufacturing ($0.6 million) and Retail Trade ($0.5 million). Estimated Disaggregated Annual Industry Impacts of Proposed BEACH, City of Busselton Industry division Operating phase Indirect visitor expenditure Industry output

($ million) Direct employment (FTEs)

Industry output ($ million)

Direct employment (FTEs)

Agriculture, Forestry and Fishing 0.1 0.2 0.1 0.4 Mining 0.0 0.0 0.0 0.0 Manufacturing 0.2 0.5 0.4 0.7 Electricity, Gas, Water and Waste Services 0.1 0.1 0.1 0.1 Construction 0.0 0.1 0.1 0.1 Wholesale Trade 0.1 0.1 0.1 0.2 Retail Trade 0.2 1.7 0.3 1.8 Accommodation and Food Services 0.2 1.2 1.2 8.0 Transport, Postal and Warehousing 0.1 0.2 0.1 0.3 Information Media and Telecommunications 0.0 0.1 0.0 0.1 Financial and Insurance Services 0.1 0.1 0.1 0.2 Rental, Hiring and Real Estate Services 0.1 0.1 0.1 0.2 Professional, Scientific and Technical Services 0.1 0.4 0.1 0.4 Administrative and Support Services 0.1 0.5 0.1 0.5 Public Administration and Safety 0.0 0.1 0.0 0.1 Education and Training 0.1 0.5 0.1 0.5 Health Care and Social Assistance 0.1 0.4 0.1 0.4 Arts and Recreation Services 0.4 13.2 0.6 3.5 Other Services 0.1 0.5 0.1 0.9 Note: Annual impact in first full year of operation

Even excluding the significant benefits flowing from the development / construction phase, the economic activity generated from the annual operation of the proposed BEACH and associated visitor spending impacts are substantial and therefore, based on the conservative assumptions presented in this analysis, the net economic impact from the facility on the City of Busselton and South West region is highly positive.

0 5 10 15 20

MiningInformation media & telecommunications

Electricity, gas, water & waste servicesConstruction

Public administration & safetyRental, hiring & real estate services

Financial & insurance servicesWholesale trade

Transport, postal & warehousingAgriculture, forestry & fishing

Professional, scientific & technical servicesHealth care & social assistance

Education & trainingAdministrative & support services

ManufacturingOther services

Retail tradeAccommodation & food services

Arts & recreation services

Estimated Annual Employment (FTEs) Supported by Busselton PACCCity of Busselton


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COST BENEFIT ASSESSMENT

Evaluation Framework The economic assessment is based on a generalised Cost Benefit Analysis (CBA) framework which quantifies and compares the direct infrastructure cost (capital and recurrent) of a project with the change in economic value (benefits /cost savings) generated with the project. The overall appraisal framework is based on welfare economic theory. This framework defines the change in economic value in terms of the following theoretical concepts: • User consumer surplus; • Producer surplus; • Resource cost corrections; and • Externalities. The purpose of the CBA was to determine whether the community will enjoy a net benefit as a result of the proposed BEACH project and to ensure efficient allocation of public resources. The CBA takes into account: • The potential direct benefits and costs that would not otherwise occur in the absence of the BEACH; and • The costs of construction and ongoing maintenance of the BEACH. The CBA framework is based on an annual discounted cash flow model. The model develops ‘streamed’ infrastructure costs and benefits over an evaluation period extending a minimum of 25 years from the first full year of operation of the BEACH (inclusive). Future costs and benefits are converted to a common time dimension; the present value (PV). Present values are calculated by discounting future values using a recommended discount rate (which reflects the time value of money). The discounted costs and benefits are then combined using specific equations to produce conventional measures of economic performance. The CBA model produces the following key measures of economic performance: • Net Present Value (NPV) – the difference between the PV of total incremental benefits and the PV of the total

incremental costs, which allows the project options to be compared on the same basis to allow determination of the greatest net benefit to the community or the most efficient use of resources. Project options that yield a positive NPV indicate that the (discounted) incremental benefits of a scenario exceed the incremental costs over the evaluation period.

• Benefit Cost Ratio (BCR) – ratio of the PV of total incremental benefits to the PV of total incremental costs. A BCR

greater than 1.0 indicates that project benefits exceed project costs. However, generally, a project with a higher BCR may be preferred to protect against unexpected project delays, optimism bias or cost overruns.

Key Inputs and Assumptions The streamed costs and benefits are based on underlying profiles of costs and demand that have been developed by Lawrence Consulting, Studio Evans Lane and the City of Busselton. Costs The CBA incorporates the following economic costs relevant to the construction and ongoing maintenance of the Project: • Fixed infrastructure costs, including earthworks, drainage and other infrastructure;


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• Systems infrastructure; • Other construction costs such as investigation, design and project management costs; • Planned construction and operation risk; and • Recurrent costs, such as scheduled maintenance and operating costs. Specifically, the BEACH has a total capital expenditure component of approximately $19.8 million during a construction phase of two years and subsequent annual depreciation costs of approximately $247,500 based on a 60-year period and 25% residual. It is anticipated that the project will largely be completed over the period January 2020 to December 2021, with the first operating year being the 2020/21 financial year (50% operations) and the first full operating year being the 2021/22 financial year. Benefits Direct and indirect incremental benefits of the proposed BEACH which have been considered as part of the CBA include: • Increase in value added to regional economy (i.e. supply chain and consumption effects) associated with the

construction of the proposed BEACH; • Increase in revenue and direct value added generated from operations of the facility; • Net economic benefits flowing from spending impacts associated with additional visitors to the City of

Busselton and South West region as a result of the BEACH; • Consumer surplus associated with users of the BEACH, particularly where there is either no direct fee or

reduced/subsidised charges involved with participation or attendance in organised events or programs; and • The residual value or scrap value of the project asset at year 25, given its operational life has been assessed as 60

years. Evaluation Period The base price year adopted is 2018, whilst the assumed construction period is January 2020 to December 2021. The appraisal period for the economic assessment is 2018 up to and including 30 years (i.e. 2047). Sensitivity Analysis Consistent with relevant guidelines, a real discount rate of 7% has been adopted for the CBA. For the purposes of sensitivity testing, real discount rates of 3% and 10% have also been applied.


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Results The results of the CBA for the proposed BEACH are summarised in the following table, including the total (discounted) present value incremental costs and benefits and resulting NPV and BCR. Also included are sensitivity results for lower and upper range discount rates (3% and 10%). As expected for this type of project, costs are dominated by capital expenditures, whereas benefits are more broadly distributed across different categories, with additional visitor expenditure and direct and indirect increases in regional value added providing significant contributions. In aggregate, the NPV analysis suggests substantial net benefits of approximately $43.0 million flowing from the proposed BEACH, with a BCR of 1.22 and internal rate of return (IRR) of 12%, indicating that the project offers significant societal and community benefits well in excess of costs. This also takes into account timing differences between the earlier incurrence of costs and ongoing receipt of facility users and other benefits over the evaluation period. Present Value Incremental Costs and Benefits ($ million), NPV and BCR Real discount rate 3% 7% 10% Direct Costs Capital 17.92 15.76 14.36 Operating and maintenance 35.18 21.28 15.51 Depreciation 4.42 2.93 2.27 Total Infrastructure & Operating Costs 54.04 35.36 27.56 Cost Savings and External Benefits Increased value added from construction phase 6.52 5.96 5.59 Operating revenue / value added from local spending 31.73 19.63 14.51 Increased visitor expenditure 43.80 27.16 20.11 Residual asset value 12.98 12.49 12.15 Total Benefits 78.95 43.02 29.49 NPV 24.91 7.66 1.93 IRR 12% 12% 12% BCR 1.46 1.22 1.07 Given the large volume of upfront costs and the (in general) stream of ongoing benefits, the CBA moves as expected insofar as the lower discount rate (3%) increases the NPV and BCR for the project, whilst the higher rate (10%) decreases the NPV and BCR relative to the base case, although all BCR’s recorded are significantly higher than break-even.


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APPENDIX A: DISAGGREGATED INDUSTRY IMPACTS Table A1: Estimated Annual Disaggregated Industry Impacts of Proposed BEACH Industry sector Construction phase Operating phase

(Year 2) Visitor expenditure (Year 2)


Total employment (FTEs)





Sheep, Grains, Beef and Dairy Cattle 0.107 0.334 0.024 0.074 0.051 0.160 Poultry and Other Livestock 0.020 0.038 0.005 0.009 0.011 0.022 Other Agriculture 0.247 0.578 0.057 0.134 0.070 0.164 Aquaculture 0.000 0.000 0.000 0.000 0.000 0.000 Forestry and Logging 0.028 0.047 0.001 0.002 0.001 0.002 Fishing, hunting and trapping 0.013 0.027 0.003 0.006 0.005 0.010 Agriculture, Forestry and Fishing Support Services 0.039 0.048 0.008 0.010 0.012 0.014 Coal mining 0.000 0.000 0.000 0.000 0.000 0.000 Oil and gas extraction 0.044 0.015 0.003 0.001 0.008 0.003 Iron Ore Mining 0.000 0.000 0.000 0.000 0.000 0.000 Non Ferrous Metal Ore Mining 0.021 0.016 0.000 0.000 0.001 0.001 Non Metallic Mineral Mining 0.000 0.000 0.000 0.000 0.000 0.000 Exploration and Mining Support Services 0.007 0.010 0.001 0.001 0.001 0.002 Meat and Meat product Manufacturing 0.057 0.098 0.012 0.021 0.070 0.121 Processed Seafood Manufacturing 0.004 0.008 0.001 0.002 0.002 0.004 Dairy Product Manufacturing 0.071 0.085 0.017 0.020 0.024 0.028 Fruit and Vegetable Product Manufacturing 0.004 0.009 0.001 0.002 0.003 0.005 Oils and Fats Manufacturing 0.010 0.000 0.002 0.000 0.003 0.000 Grain Mill and Cereal Product Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Bakery Product Manufacturing 0.051 0.295 0.012 0.070 0.022 0.128 Sugar and Confectionery Manufacturing 0.022 0.027 0.006 0.007 0.016 0.019 Other Food Product Manufacturing 0.017 0.032 0.005 0.008 0.011 0.021 Soft Drinks, Cordials and Syrup Manufacturing 0.007 0.010 0.002 0.002 0.004 0.005 Beer Manufacturing 0.108 0.000 0.026 0.000 0.041 0.000 Wine, Spirits and Tobacco 0.487 0.860 0.118 0.208 0.111 0.196 Textile Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Tanned Leather, Dressed Fur and Leather Product Manufacturing

0.000 0.000 0.000 0.000 0.000 0.000

Textile Product Manufacturing 0.031 0.105 0.001 0.005 0.002 0.007 Knitted Product Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Clothing Manufacturing 0.003 0.024 0.000 0.003 0.001 0.006 Footwear Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Sawmill Product Manufacturing 0.046 0.120 0.001 0.002 0.001 0.002 Other Wood Product Manufacturing 0.141 0.576 0.002 0.007 0.003 0.010 Pulp, Paper and Paperboard Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Paper Stationery and Other Converted Paper Product Manufacturing

0.000 0.000 0.000 0.000 0.000 0.000

Printing (including the reproduction of recorded media)

0.001 0.003 0.000 0.001 0.000 0.001

Petroleum and Coal Product Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Human Pharmaceutical and Medicinal Product Manufacturing

0.000 0.000 0.000 0.000 0.000 0.000

Veterinary Pharmaceutical and Medicinal Product Manufacturing

0.000 0.000 0.000 0.000 0.000 0.000

Basic Chemical Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Cleaning Compounds and Toiletry Preparation Manufacturing

0.012 0.026 0.003 0.005 0.004 0.008

Polymer Product Manufacturing 0.095 0.245 0.003 0.008 0.005 0.013 Natural Rubber Product Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000


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Table A1: Estimated Annual Disaggregated Industry Impacts of Proposed BEACH Industry sector Construction phase Operating phase








Glass and Glass Product Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Ceramic Product Manufacturing 0.014 0.061 0.000 0.001 0.000 0.001 Cement, Lime and Ready-Mixed Concrete Manufacturing

0.196 0.212 0.001 0.001 0.001 0.001

Plaster and Concrete Product Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Other Non-Metallic Mineral Product Manufacturing

0.022 0.110 0.000 0.001 0.001 0.004

Iron and Steel Manufacturing 0.101 0.301 0.001 0.003 0.002 0.006 Basic Non-Ferrous Metal Manufacturing 0.019 0.012 0.001 0.001 0.002 0.001 Forged Iron and Steel Product Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Structural Metal Product Manufacturing 0.182 0.292 0.003 0.005 0.005 0.009 Metal Containers and Other Sheet Metal Product manufacturing

0.020 0.045 0.001 0.002 0.001 0.003

Other Fabricated Metal Product manufacturing 0.044 0.100 0.002 0.004 0.003 0.007 Motor Vehicles and Parts; Other Transport Equipment manufacturing

0.028 0.070 0.004 0.010 0.005 0.013

Ships and Boat Manufacturing 0.008 0.023 0.001 0.003 0.002 0.005 Railway Rolling Stock Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Aircraft Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Professional, Scientific, Computer and Electronic Equipment Manufacturing

0.018 0.068 0.002 0.007 0.003 0.011

Electrical Equipment Manufacturing 0.043 0.120 0.001 0.003 0.002 0.006 Domestic Appliance Manufacturing 0.000 0.000 0.000 0.000 0.000 0.000 Specialised and other Machinery and Equipment Manufacturing

0.028 0.074 0.002 0.006 0.004 0.010

Furniture Manufacturing 0.040 0.196 0.005 0.022 0.004 0.022 Other Manufactured Products 0.017 0.057 0.003 0.009 0.003 0.011 Electricity Generation 0.066 0.030 0.012 0.005 0.022 0.010 Electricity Transmission, Distribution, On Selling and Electricity Market Operation

0.071 0.056 0.012 0.009 0.025 0.020

Gas Supply 0.000 0.000 0.000 0.000 0.000 0.000 Water Supply, Sewerage and Drainage Services 0.166 0.193 0.032 0.037 0.035 0.040 Waste Collection, Treatment and Disposal Services 0.023 0.084 0.003 0.012 0.006 0.020 Residential Building Construction 0.481 1.108 0.004 0.009 0.008 0.017 Non-Residential Building Construction 11.666 12.937 0.003 0.003 0.005 0.005 Heavy and Civil Engineering Construction 0.182 0.111 0.005 0.003 0.009 0.005 Construction Services 3.609 7.234 0.020 0.040 0.039 0.079 Wholesale Trade 0.504 1.194 0.053 0.125 0.095 0.225 Retail Trade 1.092 7.480 0.245 1.682 0.269 1.846 Accommodation 0.278 1.592 0.075 0.428 0.489 2.799 Food and Beverage Services 0.490 3.384 0.109 0.752 0.756 5.220 Road Transport 0.395 1.315 0.037 0.124 0.074 0.245 Rail Transport 0.000 0.000 0.000 0.000 0.000 0.000 Water, Pipeline and Other Transport 0.028 0.037 0.004 0.005 0.006 0.008 Air and Space Transport 0.035 0.050 0.006 0.008 0.011 0.015 Postal and Courier Pick-up and Delivery Service 0.059 0.228 0.009 0.033 0.013 0.049 Transport Support services and storage 0.147 0.160 0.016 0.017 0.026 0.028 Publishing (except Internet and Music Publishing) 0.051 0.139 0.009 0.025 0.013 0.036 Motion Picture and Sound Recording 0.016 0.038 0.005 0.012 0.007 0.016 Broadcasting (except Internet) 0.000 0.000 0.000 0.000 0.000 0.000 Internet Publishing and Broadcasting and Services Providers, Websearch Portals and Data Processing

0.000 0.000 0.000 0.000 0.000 0.000


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Table A1: Estimated Annual Disaggregated Industry Impacts of Proposed BEACH Industry sector Construction phase Operating phase








Services Telecommunication Services 0.135 0.127 0.026 0.024 0.028 0.026 Library and Other Information Services 0.000 0.000 0.000 0.000 0.000 0.000 Finance 0.396 0.482 0.048 0.059 0.073 0.089 Insurance and Superannuation Funds 0.075 0.111 0.012 0.018 0.016 0.023 Auxiliary Finance and Insurance Services 0.203 0.411 0.023 0.047 0.048 0.097 Rental and Hiring Services (except Real Estate) 0.188 0.275 0.016 0.024 0.026 0.038 Ownership of Dwellings 0.000 0.000 0.000 0.000 0.000 0.000 Non-Residential Property Operators and Real Estate Services

0.470 0.649 0.051 0.071 0.110 0.152

Professional, Scientific and Technical Services 2.082 6.210 0.110 0.328 0.113 0.337 Computer Systems Design and Related Services 0.070 0.168 0.010 0.025 0.016 0.038 Employment, Travel Agency and Other Administrative Services

0.314 0.668 0.051 0.109 0.105 0.223

Building Cleaning, Pest Control and Other Support Services

0.146 1.045 0.059 0.424 0.044 0.316

Public Administration and Regulatory Services 0.088 0.334 0.030 0.115 0.009 0.033 Defence 0.000 0.000 0.000 0.000 0.000 0.000 Public Order and Safety 0.041 0.216 0.005 0.025 0.008 0.041 Primary and Secondary Education Services (incl Pre-Schools and Special Schools)

0.197 1.565 0.048 0.380 0.042 0.337

Technical, Vocational and Tertiary Education Services (incl undergraduate and postgraduate)

0.015 0.061 0.003 0.011 0.004 0.015

Arts, Sports, Adult and Other Education Services (incl community education)

0.037 0.362 0.011 0.105 0.012 0.114

Health Care Services 0.137 0.942 0.033 0.226 0.029 0.203 Residential Care and Social Assistance Services 0.124 0.919 0.030 0.223 0.027 0.198 Heritage, Creative and Performing Arts 0.015 0.082 0.383 13.087 0.619 3.361 Sports and Recreation 0.057 0.215 0.021 0.078 0.026 0.099 Gambling 0.002 0.004 0.000 0.001 0.000 0.001 Automotive Repair and Maintenance 0.141 0.687 0.025 0.121 0.027 0.131 Other Repair and Maintenance 0.047 0.222 0.015 0.071 0.008 0.037 Personal Services 0.126 0.931 0.031 0.227 0.100 0.738 Other Services 0.042 0.213 0.007 0.036 0.007 0.033 Total 26.979 59.648 2.046 19.853 3.923 18.427

busselton entertainment arts + culture hub (beach): economic … · 2019-12-11 · economic...

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