July 19 – The London 2012 Olympic and Paralympic Games have already delivered a £9.9 billion ($15.1 billion/€11.5 billion) trade and investment boost to the United Kingdom economy just one year into a four-year programme, the Government confirmed today.
With a target of £11 billion ($17 billion/€13 billion) of economic benefit by July 2016, Britain is already closing in on that figure three years ahead of schedule thanks to £5.9 billion ($8.9 billion/€6.9 billion) of additional sales from Olympic-related activity and £2.5 billion ($3.8 billion/€2.9 billion) of additional inward investment since the Games, which has also generated more than 31,000 new jobs.
£1.5 billion ($2.3 billion/€1.7 billion) of Olympic-related business won overseas, including £120 million ($183 million/€139 million) in contracts for the Brazil 2014 FIFA World Cup, Sochi 2014, Rio 2016 and the Russia 2018 World Cup, also contributed to this figure.
