Questions
Asked by
To ask Her Majesty's Government how they have provided funding for the London Olympics in 2012; through which bodies; when; and how much they have provided. [HL6150]
In her Statement of 15 March 2007, the Minister for the Olympics announced a £9.325 billion public sector funding package for the Games. This will be provided between 2005-06 to 2013-14; pre-Games, during Games, and post-Games. The bulk of this funding will be spent pre-Games on the construction of venues and infrastructure; and will also provide facilities to develop athletes. During the Games, the funding will contribute to the provision of transport services and security. Post-Games the funding will provide for transformation of the venues and infrastructure for legacy use.
Chapter 20 of the Comprehensive Spending Review (CSR) White Paper, published on 9 October 2007, announced total grant in aid (within the £9.325 billion) from Government of £1,559/£1,104/£1,050 million in 2008-09 to 2010-11. The distribution of the remaining Exchequer contribution (within the £9.325 billion) for 2011-12 to 2013-14 will be confirmed in the next CSR. The balance of the funding requirement will be met, as announced in March 2007, by contributions from the Mayor of London (GLA and LDA); and from the Lottery.
Further details on the sources of funding, and details on spend incurred by the Olympic Delivery Authority to end June 2009, can be found in the July 2009 quarterly economic report on the Games (page 16).
The next quarterly economic report on the Games will be published later this month.
Asked by
To ask Her Majesty's Government how much they have provided in each year to the London Boroughs of Hackney, Greenwich, Waltham Forest, Newham and Tower Hamlets for the 2012 Olympic Games. [HL6152]
The £9.325 billion public sector funding package for the Games will provide a unique opportunity to regenerate East London, including the boroughs of Newham, Tower Hamlets, Waltham Forest, Hackney and Greenwich. The Games will provide a legacy of world class sporting venues, new housing, community and leisure facilities, and 110 hectares of new parkland and waterways. The public sector funding package does not include any direct payments to the host boroughs listed above or any other London boroughs.