Paralympic Games Funding (1)

Meeting: 
MQT on 2007-05-23
Session date: 
May 23, 2007
Reference: 
2007/1016
Question By: 
Dee Doocey
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

The bid book for the Olympics stated that: London 2012 is aware that a more dynamic revenue generation stream needs to be developed to enhance the evolution of the financial viability of the Paralympic Games. Can you define what is meant by a more dynamic revenue generation stream?

Answer

Answer for Paralympic Games Funding (1)

Answer for Paralympic Games Funding (1)

Answered By: 
The Mayor

Government, LDA and I have guaranteed to provide 50% of the expenditure required for the Paralympic Games. A `dynamic revenue generation stream' refers to other revenue generating opportunities that will be put in place to fund the remaining 50%, such as a premier sponsorship partnership and an innovative ticketing system.