- Comments: 0
- 04 August 2013 00:00
- in Government
- Visits: 6226
- Last Modified: 06 August 2013 06:30
The contribution of grassroots sport to the English economy has been revealed at £11.78 billion per year, a new study has revealed.
The study, which was commissioned by Sport England, shows that the entire contribution of sport the English economy is £20.3 billion per year with the grassroots sector being responsible for well over half of this total.
The research puts sport within the top 15 industry sectors in England and reveals that it has a bigger impact on the economy than telecoms services, car sales and repairs, insurance and accounting.
In total, more than 440,000 people in England have sport-related jobs, accounting for 2.3% of all employment.
"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,” said Sport England chairman Nick Bitel.
"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 £11.78 billion of grassroots sport’s contribution comes from people playing sport and related expenditure such as sports equipment and coaching.
Exactly £8.5 billion on this comes from people’s consumption of sport such as watching elite sport live or on TV, sports-related TV subscriptions and sports gambling.
Maria Miller, the Secretary of State for Culture, Media and Sport, believes that the success of London 2012 has helped boost the sport sector in England and that it can continue to grow further in the coming years.
"Sport already makes a significant contribution to the economy but I want it to play an even bigger role in generating growth,” said Miller.
"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.”
The report also highlighted the wider economic value of sport in areas 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.
Meanwhile the economic value of sport-related volunteering is estimated to be £2.7 billion.
To view the full report, click here