Cowes for the use of Queen Elizabeth I sowed the seed for Cowes to grow into a world-renowned centre of boat-building. However, seafaring for recreation and sport remained the exception rather than the rule until much later. It was not until the reign of keen sailor George IV that the stage was set for the heyday of Cowes as 'The Yachting Capital of the World.' In 1826 the Royal Yacht Squadron organised a three-day regatta for the first time and the next year the king signified his approval of the event by presenting a cup to mark the occasion. This became
Cowes local businesses. The town was reported to be doing well in 2009, despite the economic downturn. Cowes has a Non-League football club Cowes Sports F.C., which plays at Westwood Park. Cowes is a gateway town for the Isle of Wight. Travellers to Southampton are served by a high speed catamaran passenger ferry from Cowes known as the Red Jet. Southern Vectis' route 1 is the main bus service in Cowes. Single decker buses branded Red1 serve the Red Jet terminal, whilst route 1 double deckers serve the M&S Foodhall at Carvel Lane (the site of the former Cowes railway station).