The decreasing crime rate in Indian Queens, Fraddon, and St Columb Road, Cornwall, has a demonstrably positive impact on the local economy. With a crime rate of 61.6 per 1,000 residents, this area enjoys a significantly lower crime rate than the UK average of 91.6 per 1,000. Coupled with a safety score of 86 out of 100 – again, exceeding the UK average of 79 – this creates a more attractive environment for both residents and businesses.
The most immediate economic impact stems from increased confidence and a heightened sense of security. Residents are more likely to spend money locally when they feel safe, supporting local shops, restaurants, and services. Businesses, in turn, benefit from increased footfall and reduced costs associated with crime prevention and insurance. A lower crime rate also attracts new residents and businesses to the area, expanding the tax base and creating employment opportunities.
Consider the impact on tourism, a vital sector for Cornwall. Potential visitors are heavily influenced by perceptions of safety. A reputation for low crime contributes to a more desirable destination, encouraging increased tourism spending within Indian Queens, Fraddon and St Columb Road. This increased spending directly benefits local businesses, from accommodation providers to retail outlets.
Furthermore, a safer environment fosters a stronger sense of community. This encourages greater civic engagement, volunteerism, and local investment, all of which contribute to a more vibrant and resilient local economy. While the population of this BUA is relatively small at 5822, even incremental improvements in economic activity, driven by the lower crime rate, can have a disproportionately positive effect on the local economy. Maintaining this positive trend requires continued vigilance and proactive community engagement to ensure the area remains a desirable place to live, work, and visit.