Rugby world cup worth £1 billion to UK economy

Next year’s Rugby World Cup will add £982 million to the UK economy-  says a report commissioned by the tournament’s organising committee.
Rugby world cup worth £1 billion to UK economyThe research, by accountancy firm EY predicts that the tournament will attract a total of 466,000 visitors who will spend as much as £869 million.

The 2015 Rugby World Cup will be hosted in 11 cities across England and Wales.

In terms of single sporting events only the football World Cup brings in more paid spectators, the report added.

Spending on food and drink by ticketholders will generate as much as £32 million in revenue, EY calculated, and a further £13 million will be spent in “fanzones” – city centre shopping attractions with a Rugby World Cup theme.

The report also estimated the benefit to host cities of improved infrastructure, through investment in transport and stadia.

Debbie Jevans, who is in charge of England Rugby 2015, said the report proved that the tournament was “set to create a wide range of economic opportunities across many different sectors”.

She added: “Whether through investment in infrastructure, supporting jobs or generating revenue in ‘fanzones’, the economic benefits will be shared around our 11 host cities and beyond.”

Eleven cities across England and Cardiff have been selected to host matches at Rugby World Cup 2015. These include Brighton, Cardiff, Exeter, Gloucester, Leeds, Leicester, London, Manchester, Milton Keynes and Newcastle.

November 17, 2014  Tags: , , , ,   Posted in: Business Growth, Business Sales, Business Win, Global Business, Growing Business, Growing Sales, Uncategorized, Winning Business

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