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Olympic Games: Finance

Volume 457: debated on Thursday 8 March 2007

To ask the Secretary of State for Culture, Media and Sport what assessment she has made of the implications for the Big Five Lottery distributors of changes in funding levels resulting from preparations for the 2012 Olympic Games. (125462)

It was always understood when we bid that National Lottery funding for London 2012 would involve some loss of income to the non-Olympic good causes. Non-Olympic distributors may lose an average of 5 per cent. of their income because of sales diversion to Olympic Lottery games over the period 2005-06 to 2012-13. In addition, we have already announced that £410 million will be taken from non-Olympic Lottery proceeds between 2009 and 2012. No decision has been made about how that amount will be shared between the various non-Olympic good causes.

The Government are currently considering how the additional Olympic costs of £900 million should be met. No conclusions have yet been reached on the further use of Lottery funding.