Britain earned £58 billion from the last Olympics and Paralympics
reported by Mehr News Agency, at the same time as the start of the 2024 Olympic Games in Paris, UK Sport has published a research that shows that the British economy will benefit from the holding of each Olympic and Paralympic period due to the ancillary software and hardware services that the country’s industries and companies provide. offers to the participants in these competitions, it is particularly profitable.
According to the research carried out by The Sport Consultancy, during the last Olympics hosted by Tokyo, the Olympic and Paralympic competitions directly contributed £25.5 billion to the British economy. It helped in 2021.
This means that, according to 2021 data, the sector is roughly the same as the UK water industry (£26.2 billion), and comprises the mining and quarrying and agriculture and fishing sectors (to respectively 17.4 and 15.4 billion pounds) has contributed more to the economy of this country.
An overview of the sector’s economic footprint shows that the provision of hardware and software services for the Olympic and Paralympic Games brought in £58.2 billion to the UK economy, including the direct impact of It is indirect and induced from the sports industry.
This research also shows that the holding of these competitions has directly created nearly 500,000 jobs, which constitutes 3.4% of the British workforce.
These data also showed that the extensive turnover of the sports sector in 2021 was equal to 140.2 billion pounds, of which the Olympic and Paralympic competitions had a share of 53.8%, which indicates The importance of this sector for the British economy.
Sally Mundy, CEO of UK Sport, said: “This summer’s Olympic and Paralympic Games in Paris will be the culmination of an industry in the UK that helps British athletes succeed and supports them to pursue their dreams. he does. These competitions, in addition to recording memorable moments for people, also make a significant and direct contribution to the British economy.
