The North West generated an estimated £368m in 2012/13 from boating tourism, according to a new report published by the British Marine Federation.
The figure represents just under one tenth of the national total, and accounts for 9,385 full time jobs in the local economy.
Boating tourism contributed an estimated £3.7bn to the UK economy in 2012/13.
This figure covers 3.2 per cent of all tourism expenditure in the UK and supports approximately 96,000 full-time equivalent jobs through direct and indirect effects.
Nigel Hamilton, chairman of British Marine Federation Tourism, said: “Boating tourism is a very diverse segment of the UK tourism market and makes a valuable contribution to the economy in the North West.
“Despite the industry experiencing some challenging times in recent years as a result of the global financial crisis and subsequent recessions, prospects for future growth now look good as we expect participation rates in water-based activities to rise.”
UK boating tourism sectors – marinas/moorings, passenger boats, charter/boat hire and sea schools/training – generated a total turnover of £609m in 2012/13, across more than 2,000 businesses.
For every job directly employed in the core boating tourism sector, a further 10 jobs are supported in the wider economy
The overall GVA contribution is 14 times larger than the core boating tourism sector
Helen Grant MP, Minister for Tourism, said: “I very much welcome the findings of the British Marine Federation’s report into the Economic Benefits for UK Boating Tourism.
“These are important statistics to a Government which recognises the crucial role that the overall tourism sector plays in economic growth.
“Boating tourism has a key part to play in sustaining this positive picture.”
The full report assesses the impact of each of the marine tourism sectors individually, and estimates wider tourism expenditures by region and by boating and watersports activity for all associated day visits and overnight stays in the