The British economy benefits to the tune of £35million from the Goodwood Revival Meeting it has been revealed, with nearly £5million raised in VAT alone for the Government.
The news comes hot on the heels of a similar study – also by the Federation of British Historic Vehicle Clubs (FBHVC) and the University of Brighton – on the economic impact of the Beaulieu International Autojumble.
The data was gathered at the 2012 Revival by quizzing almost 1500 organisers, visitors, competitors and exhibitors.
Using a study area of 20km around Goodwood, the survey showed that the local economic benefit in cash paid for accommodation, fuel and travel, shopping and entertainment totalled some £12million.
The event also provides temporary employment for 350 people and generated almost 50,000 "person nights" accommodation both inside and close to the study area.
Lord March said of the findings: "One of the obstacles we faced in the early years was planning control.