Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Grassroots sport makes 11.8 billion contribution to the economy

Fri 2nd Aug 2013 | Money & Finance

Sport’s contribution to the English economy was today revealed to be £20.3 billion a year, with grassroots sport responsible for well over half of this total.

The study, which was commissioned by Sport England, shows that the growth in sport has outstripped the English economy as a whole – and the sector was resilient when the recession struck.

The research puts sport within the top 15 industry sectors in England, having a bigger impact on the economy than telecoms services, car sales and repairs, insurance and accounting.

£11.78 billion of sport’s contribution comes from people playing sport and related expenditure such as sports equipment and coaching, while £8.5 billion comes from people’s consumption of sport such as watching elite sport live or on TV, sports-related TV subscriptions and sports gambling.

More than 440,000 people have sport-related jobs, accounting for 2.3% of all employment.

Sport England’s Chair, Nick Bitel, said: “This report show that as well as improving the lives of millions of people grassroots sport is also having a huge impact on our economy. Put alongside the enormous value of the health benefits that sport delivers, it’s hard to overstate the sector’s contribution to our country.”

The report also examines the wider economic value of sport such as improving educational attainment and improving health. The annual value of health benefits generated by grassroots sport is put at £11.2 billion, with a £1.7 billion saving in healthcare costs. The economic value of sport-related volunteering is estimated to be £2.7 billion.

Culture Secretary Maria Miller said: “Sport already makes a significant contribution to the economy but I want it to play an even bigger role in generating growth. The success of London 2012 transformed Britain’s standing in the world of sport and with a host of major events coming to the UK in the next few years we are in a great position to capitalise further.”

Click here to view the full report.

Posted by: Kev Howland

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

 

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Watford FC: An Unlikely Financial Success Story?

Wed 26th Apr 2017 | Money & Finance

The business model carried out by the owners of Watford FC is unlikely to be adopted by too many sectors outside of football, but by hiring and firing a conveyor belt of managers, they have managed to...

Newcastle United & West Ham Face Tax Investigation

Wed 26th Apr 2017 | Money & Finance

Newcastle United and West Ham United have been targeted by HMRC for alleged Tax and National Insurance fraud. Officers are understood to have raided the offices at St James’s Park and the London...

Premier League Revenues Grow But Losses Return

Thu 20th Apr 2017 | Money & Finance

Premier League clubs’ revenues increased to a new record of £3.6bn in 2015/16, according to Deloitte, the business advisory firm. Analysis of the financial results of Premier League clubs...

7 Tips From The Best Online Football Merchandise Stores

Thu 13th Apr 2017 | Money & Finance

CEO, Lewis Holland and the team at DiscountIF team have been studying various merchandise stores of football clubs in the UK. This article was originally posted here. We’ve compiled a short list...