£14 Billion Olympic boost to the UK Economy?

Posted: Wed, 23 Jul 2014 15:46

£14 Billion Olympic boost to the UK Economy?

British Prime Minister David Cameron will tell a business conference in Glasgow today that the UK economy has seen a cash injection of £14.2 billion ($24.3 billion/€18 billion) since London hosted the Olympic and Paralympic Games in 2012.

The business and politics of mega sport events was a major theme during Business Week at Birkbeck University in London last month, where the likes of Neale Coleman CBE (Deputy Chair of the London Legacy Development Corporation) and Debbie Jevans CBE (formerly Director of Sport for LOCOG and now Chief Executive of England Rugby 2015) spoke enthusiastically about the Olympic legacy with regards to the economic benefits; the urban regeneration of east London; the sustainability of the Olympic Park and its facilities; the increased level of participation in sports and physical activities; and the resultant general social and psychological well-being and 'feel-good' factor.

Tags: London 2012, Olympics, Rio 2016, Sport, Uksport, legacy, participation, sport england