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<p>Major sporting events contribute a wide range of benefits for host cities and the entire UK. Sport is estimated to be worth over £38 billion a year to the UK’s economy, and major sporting events play a significant role in delivering continued growth across many key sectors.</p><p>The 2022 Commonwealth Games, hosted in Birmingham, were a huge success, coming in under budget and delivering at least £870 million gross value add (GVA) for the economy. Over half of this was generated in the West Midlands specifically.</p><p>Following the Section 114 notice on 5th September, Birmingham City Council is developing a financial management plan on future spending, including the 2026 European Athletics Championships.</p> |