Overspend Arrangements

Meeting: 
MQT on 2004-11-17
Session date: 
November 17, 2004
Reference: 
2004/1550
Question By: 
Angie Bray
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

In the IPPR/Demos report into the impact of the London 2012 Olympics it was stated '..past Olympics have failed to bring with them a sustained increase in participation. To avoid a similar mistaken expectation, a London 2012 Olympics must only be one element of the broader sports participation agenda.' With this in mind are you comfortable with the fact that the National Lottery good causes fund will bear the brunt of any overspend along with the London Council Taxpayers? What will you say to Londoners if all Lottery handouts to grass roots sports in the capital have to be cancelled for two years as a result of a 100% overspend?

Answer

Answer for Overspend Arrangements

Answer for Overspend Arrangements

Answered By: 
The Mayor

The funding package agreed with the Government agrees to make up to £1.5 billion available from the lottery, as well as up to £625m from London Council Tax. The Lottery funding will be derived in part from new Olympic Lottery games. Camelot estimate that the impact of new Olympic Lottery games on existing good causes would be in the region of five per cent, though it might also re-invigorate participation in the existing Lottery.

I remain committed to the development of grassroots sport for the excellent benefits it brings in terms of health, education and social inclusion. The IOC will not want to see community sports suffer as a result of the Olympics. I have already signalled my willingness to underwrite Olympic Park facilities to ensure a sustainable legacy for both elite and community sports activity, and initiatives such as Kids Swim Free are another signal of my commitment. I will work with Government to make sure that all Olympic projects have a beneficial effect on both elite and community sports.