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 --

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)