South Midlands: Effect of the British Grand Prix (Hansard, 14 January 2002)

HL Deb 14 January 2002 vol 630 cc134-5WA 134WA

§ Lord Astor of Hever
asked Her Majesty's Government:
What is their estimate of the economic impact on the South Midlands of the British Grand Prix. [HL2146]

§ The Parliamentary Under-Secretary of State, Department of Trade and Industry (Lord Sainsbury of Turville)
The Government recognise the importance of retaining the British Grand Prix. While we have 135WA made no official estimate of the scale of the economic benefits it provides, a study by the FIA (motorsport's world governing body) estimated that the 1996 Grand Prix contributed about £28 million to the South Midlands economy.