The National Audit Office (NAO) in their report ‘Preparations for the London 2012 Olympic and Paralympic Games Progress Report December 2011’ estimated that a total of £826m had been allocated to 18 Olympic and Paralympic legacy projects - it is not possible to break this funding down by nation/region or year within that period. An independent consortium led by Grant Thornton then carried out a meta-evaluation of the London 2012 Games’ impact and legacy for the Department of Culture, Media and Sport, the final report of which was published in July 2013. This report contained estimates of the economic impacts of the Games from 2004-2020, at 2009 prices, broken down by nation and region, which suggested the Gross Value Added benefits will be between £28-41bn (the relevant material is at pages 3-8 of Report 5: Post-Games evaluation – economic evidence base).
Since the NAO report was published a number of additional legacy projects have been initiated, the details of which are provided below:
· Primary PE and school sport premium – all state-funded primary schools in England have started to benefit from this premium, which is worth over £150m per year from September 2013 for three years
· Join In – independent charity funded by the Cabinet Office’s Office for Civil Society to increase volunteering in community sport, build a Join In Local Leaders network and encourage the Olympic and Paralympic legacy of volunteering, at a cost of £6.2m up to the end of 2014/15. Join In activities funded by the Cabinet Office have taken place across England
· The Big Lottery Fund has allocated £52m to projects aimed at securing a lasting community legacy to the Games. Within this funding the Fund set up Spirit of 2012 (Spirit) with an endowment of £47m. Spirit’s aim is to leave a lasting legacy from the London 2012 Games across the UK, and so is working across all of the nations and regions. To date Spirit has committed £11m to projects across the UK (since November 2013).