The market town of Penzance is historically the commercial capital of the Land's End
peninsula (known as Penwith). Although many national companies are established in the
town, Penzance still retains many independent businesses, some of which have been in the
ownership of the same family for over 100 years. There are several typical Cornish
shopping "nooks", such as the pedestrianised
Causewayhead and the Arcade Steps which, with the benefit of traditional surfacing and
architecture, retain the flavour of the 18th and 19th Centuries. The "big four" High
Street banks all have main branches in the town, as do most of the major Building
Societies.
Professional services of all kinds are available in the town covering the legal,
financial, architectural, design and other needs of the business community. The
commercial interests of the town are many and diverse ranging from shipping, dry dock
facilities and manufacturing through to transport and the very important
tourist industry.
Penzance has an active and progressive Chamber of
Commerce representing all forms of business - both retail and commercial - in the
town. It enjoys an excellent working relationship with Penzance Town Council, Penwith
District Council and other official and public bodies concerned with the general and
commercial interest of Penzance.
The tourism industry is well-placed to cater for
all manner of accommodation needs. The industry is represented by an active Hotel &
Restaurant Association. There are some large hotels, many smaller ones and a great
many guest-houses, together offering a price range to suit most pockets. Additionally,
there is no shortage of houses, flats and chalets for those seeking self-catering
holidays. Of great benefit to both the tourist industry and the town as a whole are the
facilities for visiting the Isles of Scilly, with both the heliport and the Isles of
Scilly Steamship Companies providing day-trip services.
While Penzance is considered to be the commercial centre of Penwith, the port of
Newlyn boasts the largest fishing fleet in the south
of England. There have been several improvements recently, which include doubling the
floor area of the fish market and constructing a new pier. Much of the catch is exported
and finds ready customers on the continent. Newlyn also boasts the Cornish Mead Company,
which brews the traditional honeymoon drink for which West Cornwall is famous.
Penzance is part of the Development Area of Penwith and attracts grant aid for firms
wishing to establish themselves here. There are several small industrial estates
offering a wide range of services close to the town. Although its hey-day as a thriving
commercial port may be long past, the Penzance harbour area still attracts much work for
the dry-dock facilities. The Isles of Scilly Steamship Company also plays an important
role in harbour life, together with the ever-increasing interest in leisure boating.