HomeNewsGovernanceMulti-SportUnited Kingdom

UK Sport details economic impact of London 2012 legacy

UK Sport has today (Friday) revealed that the legacy of the London 2012 Olympic and Paralympics has helped generate more than £130m (€146m/$170m), as it marks the six-year anniversary of the Games’ opening ceremony.

According to UK Sport, the figure has been generated by National Lottery and taxpayer-funded events that have been staged since the Games, including last year’s World Athletics Championships, which alone generated £79m.

Other events that have had a significant impact include the 2017 Para Athletics World Championships (£28m), the 2013 Triathlon World Grand Final in Hyde Park (£8m), the 2016 UCI Track Cycling World Championships at Lee Valley VeloPark (£3m) and the 2016 European Aquatics Championships at the London Aquatics Centre (£5m).

According to UK Sport figures, more than 1.3 million people attended 25 National Lottery-funded events in London, with these figures only covering events in the capital directly supported by UK Sport.

The figures have been announced with another major event, the Women’s Hockey World Cup, currently taking place at the Lee Valley Hockey and Tennis Centre. The tournament got underway on Saturday and runs until August 5.

UK Sport is investing almost £30m in its current major events programme, which runs from 2017 to 2025. Upcoming events in London include the 2018 Boccia World Championships, 2019 Netball World Cup, 2019 World Road Cycling Championships and 2022 World Gymnastics Championships.

Esther Britten, head of major events for UK Sport, said: “Six years on from London 2012, it is fantastic to demonstrate such a strong major events legacy from the Olympic and Paralympic Games and our work in this area has significantly enhanced our international reputation.

“The significant economic impact comes on top of the benefits athletes receive when competing on home soil, in addition to the phenomenal opportunities spectators and volunteers enjoy when experiencing live sport. Every London 2012 venue has hosted world-class competitions since the Games, while they have also been open to the general public, allowing people of all ages to use the same arenas as their inspirational Olympic and Paralympic heroes.

“London 2012 established the UK as a world-leading host of major sporting events and, as the government’s specialist major events agency and with support from the National Lottery, we will continue bringing some of the world’s top sporting events to London and the rest of the UK.”

Christophe Dubi, Olympic Games executive director for the International Olympic Committee, added: “We congratulate London and UK Sport on continuing to deliver an impactful Games legacy that is adding value to the city and its citizens six years on from hosting the Games.

“This is a great example of how the Olympic Games can transform lives and provide diverse long-term benefits for a city for years and decades to come.”

Most recent

IMG Licensing says it has secured contracts with 25 Japanese licensees and 21 global licensees for this year’s Rugby World Cup in Japan. Ben Cronin reports.

Tom Hill, chief commercial officer, World Rugby speaks exclusively to SportBusiness about the commercial programme for the 2019 World Cup in Japan

Browning has marred thousands of once-valuable autographed baseballs, with the precise cause of the damage still unknown. Dennis Tuttle examines the impact on the baseball collectibles market

Dead since 1995, the revered Hall of Famer still commands a lofty position among baseball memorabilia collectors