Why Invest in Chichester?
The City of Chichester – or Chi as it is sometimes known by locals – is a historic walled city in West Sussex. It has an enviable location between the South Downs and some of the best beaches on the south coast.
Chichester is the county town of West Sussex and is set on the River Lavant. It has a population of around 26,800 and people who live in Chichester are known as Chichestrians.
Chichester has been named as one of the best cities in which to live by The Times.
The Times has also named the Pallants area of the city as amongst the 30 Coolest Places In Britain.
Chichester has Roman origins dating back to around 43 AD. Today it is particularly known for its historic city centre, its independent shops and eateries, and its many leisure and cultural attractions all of which help to make it a smart and stylish place to live.
Thanks to all this, tourism and the visitor economy are important to the overall Chichester economy. Attractions in the Chichester area include Chichester Cathedral, the Chichester Roman Walls, the Novium Museum, Chichester Festival Theatre, the Pallant House Gallery and Fishbourne Roman Palace and Gardens.
Five miles north of Chichester, Goodwood is known for The Goodwood Estate. Goodwood Racecourse is home to world-famous events such as the annual Qatar Goodwood Festival (known as Glorious Goodwood), a key fixture in the flat horse racing season. Goodwood also hosts motoring events including the Festival of Speed and Goodwood Revival.
Chichester and in particular Chichester Harbour, which is an Area of Outstanding Natural Beauty (AONB), is a popular sailing and boating location with over 12,000 vessels moored in the harbour. The saltmarsh, mudflats and open water here also attract birdwatchers from around the country. Nearby beaches, including those at West Wittering, are some of the south coast’s best beaches.
Other important local employers include Chichester District Council and West Sussex County Council, the University of Chichester and St. Richard’s Hospital with around 4,000 staff employed by the trust. Rolls-Royce Motor Cars’ Goodwood Plant serves as the headquarters and the design, manufacturing and assembly centre for Rolls-Royce. It supports around 1,700 jobs.
Chichester is also a university city so there can be opportunities for student accommodation investors here. The University of Chichester has around 5,400 students and has campuses in Chichester and Bognor Regis. Chichester has seen the development of several purpose-built student developments in recent years and the city centre is a favourite for Chichester student accommodation.