UK & World

The UK economy could get a £ 4bn boost by hosting major sporting events-report

The UK economy could grow by up to £ 4 billion by hosting major sporting events over the next decade, a new report found.

UK Sport announced in May that it plans 97 events in 44 sports of interest to host, including the 2030 Men’s Soccer World Cup and the 2025 Women’s Rugby World Cup.

According to a report by Ernstand Young commissioned by UK Sport and the City of London Corporation, the economy can enjoy up to £ 4 billion in soft power, trade and investment benefits.

“The findings in this report underscore the great value that major UK sporting events contribute to the economy,” said Simon Morton, UK Sport Chief Operating Officer.

“Partnerships with the city of London, as well as with businesses and the private sector, can further enhance the undeniable value of major UK sporting events.

“This can further increase the global profile of the country and bring great social and economic benefits to the community that functions as the host city or town.”

A feasibility study is underway to assess the benefits of the UK and Ireland bidding on the 2030 Men’s Soccer World Cup, but the UK has been given priority bidder status for the 2025 Women’s Rugby World Cup.

Major events already reserved include the Commonwealth Games and Rugby League World Cup in Birmingham, both of which will be held next year.

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The UK economy could get a £ 4bn boost by hosting major sporting events-report

Source link The UK economy could get a £ 4bn boost by hosting major sporting events-report

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