Glasgow City Council had to stump up £80M toward the costs of their Games in 2014. The legacy from such events is very iffy. When you're cutting council spending on essential services it's obscene to be making that outlay - especially on second rate no mark events like the Commonwealth Games.
3.17 Final modelling, using the SG Input-Output framework, shows the £530 million investment of the Games related capital programme over the six years to 2014 is estimated to have supported, in gross terms, on average 1,100 jobs and contributed £50 million to Scotland’s GVA in each year. Of this, the capital programme is estimated to have supported on average 600 jobs in Glasgow and contributed £30 million to Glasgow’s GVA in each year.
3.18 The SG Input-Output Framework was also used to estimate the employment and GVA impacts of activities of the Glasgow 2014 Organising Committee to deliver the Games event. Audit Scotland report the cost of delivering the Games event was £543 million. This includes £70 million contribution to the Games capital programme. To avoid double counting, this £70 million has been netted from the cost of delivering the Games, therefore, the sum modelled was £473 million.
3.19 The final modelling finds the £473 million spend by the Organising Committee over the eight years to 2014 to deliver the Games event is estimated to have supported, in gross terms, on average 900 jobs and contributed £40 million to Scotland’s GVA in each year. Of this, the spend is estimated to have supported on average 500 jobs in Glasgow and contributed £20 million to Glasgow’s GVA in each year.
3.20 Finally, primary data from the Games Time Visitor Survey has been used to estimate the economic impact of visitors to the Games. The economic impact of spending by visitors, volunteers and media is estimated to have supported, in gross terms, 3,575 jobs and contributed £124 million to Scotland’s GVA in 2014. Of this, at the Glasgow level, the spending by visitors, volunteers and media supported, in gross terms, the equivalent of 2,075 jobs and contributed £63 million to Glasgow’s GVA in 2014.
3.21 A net impact of the economic impact of Games visitors, accounting for displacement and deadweight, has also been estimated. At the Scotland level, the spending by visitors, volunteers and media associated with Glasgow 2014 and Festival 2014 supported, in net terms, the equivalent of 2,138 jobs and contributed £73 million to Scotland’s GVA in 2014. Of this, at the Glasgow level, the spending by visitors, volunteers and media associated with Glasgow 2014 and Festival 2014 supported, in net terms, the equivalent of 1,227 jobs and contributed £37 million to Glasgow’s GVA in 2014.
3.22 In total, therefore, the preparation for and delivery of the XX Commonwealth Games is estimated to have contributed, in gross terms, £740 million to Scotland’s GVA over the eight year period from winning the bid in 2007 to hosting the Games in 2014. On average, at the Scotland level, 2,100 jobs are estimated to have been supported in each year, with a clear peak in 2014.
3.23 Of this, at the Glasgow level, the preparation for and delivery of the XX Commonwealth Games is estimated to have contributed, in gross terms, £390 million to Glasgow’s GVA over the eight year period from the winning of the bid in 2007 to the hosting of the Games in 2014, and to have supported on average 1,200 jobs in each year.
