Sport 'defying recession'

Press Releasein Industry News

Growth in the sport sector has outstripped the English economy as a whole over the past two decades, according to Sport England.

The Economic Value of Sport in England, published today (14 August), suggest the sport economy's annual contribution has reached £16.67bn, an increase of 140 per cent in real terms between 1985 and 2008.

The report also shows that a major factor in the sharp increase in announced developments in the past five years has been London's successful bid to host the 2012 Olympic Games.

Growth between 2005 and 2008 was "driven by investment directed towards the London Olympics and a long-term Sport England policy to increase sport participation".

The report, commissioned by Sport England and carried out by the Sport Industry Research Centre at Sheffield Hallam University, shows that consumer spend on sport in England was £17.384bn in 2008 - up 138 per cent since 1985.

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