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Sheffield study shows sport worth £19bn to UK economy

PROGRESS: Minister for Sport Tracey Crouch says sport is hugely important in British life

NEW RESEARCH has shown that the value of Olympic and Paralympic sport to the UK economy now stands at £19bn.

The study by academics from Sheffield Hallam University for funding body UK Sport – which celebrated its 21st birthday this year – also finds that this sector of the sport industry now generates consumer spending of around £20bn and provides employment for more than 620,000 people across the country.

Between them the Olympic and Paralympic sports (not including sports such as football and golf for which the Games are not con- sidered to be the pinnacle of their sport) account for more than half of the entire sporting economy, more than one per cent of the entire UK economy and more than two per cent of all UK employment.

Minister for Sport and Civil Society Tracey Crouch MP said: “Sport is hugely important to British life. It strengthens communities, increases physical and mental health and, as this report clearly shows, makes an enormous contribution to our economy.

“The incredible performance of our Olympic and Paralympic athletes not only inspires millions of people in the UK to get active, but helps boost the sports economy, providing jobs and driving growth across the country.”

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