Build Scotland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
04/07/2012

Scotland's Olympic Boost Totted Up

The Olympics will lead to £774m being spent on construction, supplies and equipment in Scotland, a new study has found.

The study, commissioned by Games Sponsor Lloyds Banking Group, suggested that tourism revenue would top up that figure to a £1bn benefit for the Scottish economy, over a 12-year period before and after the Games.

Orders from Scottish companies contributed to the main stadium and aquatics centre for London 2012, while West Lothian company Highlander got the contract to provide outdoor gear and bags.

-- Advertisement --
NorthernAsbestosServicesLtd

The report - The Economic Impact of the London 2012 Olympic and Paralympic Games - takes in the period from 2005, when London secured the event, through to 2017.

Gareth Oakley from Bank of Scotland, part of the Lloyds Banking Group, said: "London 2012 is the most important sporting event the UK has ever staged and Scotland is reaping the benefits. The economic impact being felt in Scotland is a real boost, and the fact that businesses in the country have seized the opportunities presented by the Games and have delivered such a big contribution to GDP must be acknowledged. The challenge now is for these businesses to build on what they have gained from the Games so that they can continue to grow and so that others might follow their lead in the run-up to the Commonwealth Games in Glasgow in 2014."

About 260,000 people will visit Olympic and Paralympic events in Scotland - including football at Hampden Park - which is 2.5% of the total expected to attend London 2012 events.

(NE/GK)

Latest Construction News

03/05/2024

The Wheatley Group has been given planning permission from Glasgow City Council to convert the 1930s B-listed Bellgrove Hotel into 14 modern, energy-efficient and affordable flats – eight of which will be wheelchair accessible. Permission has also been granted for a further 56 flats to be built on ...
03/05/2024

Renewable energy leader Drax has announced that it will invest £80 million in a major refurbishment of its iconic 'Hollow Mountain' Cruachan pumped storage hydro power station in Scotland. Global hydropower technology supplier ANDRITZ has been appointed as the main contractor for the Cruachan ...
03/05/2024

Clark Contracts has welcomed the news that the former Dalmarnock Purifier Studios, now branded as EastWorks, has been awarded the Refurbished/Recycled workplace award at the prestigious British Council for Offices (BCO) Awards 2024. The 120-year-old former purifier shed, owned by Clyde Gateway, ...
03/05/2024

Stirling Council has launched a public consultation to shape future developments at the Viewforth and Burghmuir Road areas. The new draft framework and planning brief for Viewforth and Burghmuir covers a key area of the city centre that includes the Viewforth site, existing council buildings, ...
03/05/2024

Morrison Community Care (CCG) Holdco has secured planning permission or its latest project in South Queensferry, marking its third consecutive success. Forming part of a wider 44-hectare masterplan that will include 980 new homes, a primary school and commercial premises on Builyon Road, south of ...
03/05/2024

The Highland Council's Economy and Infrastructure Committee have carried out a review of the last two years of the Community Regeneration Funding Programme, ahead of agreeing changes to how the 2024/25 programme will be delivered. Committee Chair, Cllr Ken Gowans said: "Following a successful two ...
03/05/2024

Perth and Kinross Council and partners are set to progress community-led projects aimed at revitalising homes and improving rural transport links, following a winning bid for Innovate UK Pathfinder Places funding. Funding of £150,000 has been secured following a successful Phase 1 Pathfinder ...
03/05/2024

SGN engineers working on the H100 Fife project have helped support the Methilhill Community Children's Initiative (MCCI) by building an eco-toilet in the charity's learning garden. MCCI provides a safe and engaging space for local children to participate in various outdoor activities, including ...
03/05/2024

SNIPEF, the Scottish and Northern Ireland Plumbing Employers' Federation, has published a draft of its 2024 election manifesto detailing six strategic policy proposals designed to support its members and the broader plumbing and heating profession. Once finalised, the manifesto will be central to ...
03/05/2024

The Scottish Environment Protection Agency (SEPA) have published their 2024-25 Annual Operating Plan, detailing how they will protect and improve Scotland's environment over the next 12 months. The publication follows the launch of a new Corporate Plan at the end of March, which set out the ...
RBT Underfloor LimitedMorris & Spottiswood LtdBurnside Plant Hire LtdKattrak International Hidromek SalesScotdeck LtdThe Big Block Co LtdSafe Access (Highland) Ltd.Bairds Windows LtdThe Human Touch Scaffolding Co LtdBabbity Environmental
Terms and Conditions
2024/05/04 01:38:04