Manchester Sport is a Player in the local Economy - MIDAS

Manchester Sport is a Player in the local Economy

15 July, 2008

Recent research has concluded that Manchester’s sporting world is generating a significant amount for the economy.

Recent research has concluded that Manchester’s sporting world is generating a significant amount for the economy.
Sport is already a large economic generator for the United Kingdom, but for Manchester sport has been a massive benefit to the economic world. Firstly in the commonwealth 2002 held in Manchester, the lasting effect of this created about 6,300 full time jobs and around £22 million increase in turnover experienced by local businesses.
But this was just the start, in 2003 Manchester United’s home ground, old Trafford, hosted the champions league final. This encouraged 43,438 additional passengers to travel in and out of Manchester airport, increasing profits both for the airport and local businesses.
Manchester united also generated business for the airport when they played Chelsea in the 2008 champion’s league final.  About 25,000 people travelled to Moscow for the final, as flying was the cheapest and most available option for most travellers, so the airport benefited greatly.
Although there was massive controversy, over the UEFA cup final 2008 where a sea of ranger fans took over the city centre, the profit for small business was tremendous. Manchester airports profit boomed as fans from St Petersburg flew in to watch their team in the final.
East London is set to echo Manchester’s benefits of sport in the 2012 Olympics, with an allocated £6bn of work as part of business opportunities. The 2012 Olympics also look positive for the North West as many tourists will be using Manchester’s international airport alongside some of our sporting venues, with easy access to the capital; Manchester is set to continue reaping social and economical benefits of sport to the economy.

Source: Manchester Enterprises

Links:
http://www.manchester-enterprises.com/

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