Economy of Penzance

industry over the last 30 years. In the 2004 index of deprivation Penzance is listed as having 3 wards within the top 10% for employment deprivation, Penzance East (125th most deprived in England) Penzance West (200th most deprived in England), and Penzance Central (712th most deprived in England). 18-31% of households in the parish are described as "poor households". The Penzance East Ward also has one the highest unemployment rates in Cornwall, stated as 15.4%.

Mining

Following Sir Humphry Davy’s contribution to the mining industry, the Miners' Association began mining classes in Penzance. As mining in the area became more complex, the Penzance Mining and Science School was founded in 1890. The school continued to teach mining until 1910, when it was amalgamated with Camborne and Redruth Mining School forming the School of Metalliferous Mining in Camborne, which is now known as the Camborne School of Mines. This institution has now moved to the Combined Universities in Cornwall campus at Tremough, Falmouth. From 1663, Penzance was a coinage town, responsible for the collection of tin taxation on behalf of the Duchy of Cornwall; it held this status for 176 years. According to William Pryce in his 1778 book Mineralogia Cornubiensis, Penzance coined more tin than the towns of Liskeard, Lostwithiel and Helston put together.

Penzance also had its own submarine mine situated off the coast of the town next to the area known as Wherrytown. The mine, known as Wheal Wherry Mine, was worked from 1778 to 1798 and again from 1836 to 1840. Founded by "a poor 57 year old miner" named Thomas Curtis, the mine was said to be "very rich at depth" and was connected to the shore by a wooden bridge; the ore was transported by wherry boat. The mine suffered considerable damage in 1798 when an American