£778 mn budget allocated for Birmingham 2022 CWG

first_imgLatest Sports NewsSports BusinessNewsSport TAGS2022 Birmingham Commonwealth GamesBirmingham 2022Commonwealth Games 2022Commonwealth Games 2022 budgetsSports Business News India SHARE By Kunal Dhyani – June 27, 2019 Football Cricket YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinition|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo The British Government has allocated a budget of £778 million to stage the 2022 Birmingham Commonwealth Games. The allocation will be borne in 75:25 ration by the Central Government and the Birmingham City Council and partners respectively, the Government has confirmed officially.Birmingham and the West Midlands region will benefit from a £778 million investment to stage the 2022 Commonwealth Games, the government has confirmed. Euro 2020, Italy vs Wales LIVE: Matteo Pessina goal helps Italy beat Wales, finish top of Group A with flawless record; Follow Live Updates Facebook Twitter by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSuresh Raina issues statement after arrest, says the incident in Mumbai was ‘unintentional’UndoPUBG Mobile Big Update : For the first time ever, India Government makes it official, ‘No Permissions to PUBG’UndoPUBG Mobile Launch Date: Fresh Job Listings on LinkedIn suggest possible Release?UndoThe public funding, which includes contingency, will be split approximately 75:25 between investment from Central Government (£594 million) and Birmingham City Council and a number of its key partners (£184 million).This investment will deliver significant benefits for Birmingham, the West Midlands and the UK long after the 11 days of sport in 2022 are over. Birmingham 2022 will open up a wealth of opportunities, including business and trade, cultural engagement, volunteering, physical activity, jobs and skills, education and tourism. Over 1 million tickets will be made available for spectators from across the UK and around the world.Additional commercial revenue will be raised by the Birmingham 2022 Organising Committee and Commonwealth Games Federation Partnerships through ticket sales, sponsorship, merchandising and the sale of broadcast rights.Birmingham was awarded the rights to host the Games in December 2017.“The Birmingham 2022 Commonwealth Games will be the biggest sporting and cultural event ever held in the city. Watched by one and a half billion people worldwide, this is a massive opportunity to showcase the best that Birmingham, the West Midlands and the whole UK has to offer,” Mims Davies, Minister for Sport and Civil Society in the UK, has said.“The Games budget is a significant investment in Birmingham and the region that will deliver benefits to local people for years to come. It will increase participation and encourage more people to get active and stay active, and to volunteer to be part of this fantastic event 10 years on from London 2012.”Also Read: ICC welcomes cricket’s inclusion in Commonwealth GamesWomen’s cricket set to feature in 2022 Commonwealth GamesBirmingham City Council leader Cllr Ian Ward added, “The level of investment coming into the city and the wider West Midlands as a result of our decision to successfully bid for the right to host the Commonwealth Games, is huge.“The Games are undoubtedly a catalyst, bringing forward many regeneration and infrastructure schemes, so they are delivered much quicker that we could have done so otherwise.“The event also gives us a golden opportunity to reposition the city and region on a global stage and bring citizens together. The announcement of the budget is a time to reflect upon this and thank all of the partner organisations that have joined forces to put resources into the local contribution to the overall Games budget.”“The £778 million of public funding confirmed today not only covers our costs for delivering the Games but a portion of this money will be invested in a couple of our key venues, covering some of the costs relating to the redevelopment of the Alexander Stadium and the building of the brand new Sandwell Aquatics Centre,” says Ian Reid, Chief Executive Officer for Birmingham 2022, while adding“These projects and others, which will receive additional and accelerated funding because of the Games, will benefit the city and the region long after our closing ceremony on 7 August 2022.“We are working closely with our partners, especially the Commonwealth Games Federation, to ensure that wherever possible we are reducing the cost of staging a Commonwealth Games and we’re committed to delivering this event on budget. We’ll provide regular financial updates over the next three years, so that our progress can be tracked.“Having our budget confirmed is a key milestone for us and we can now look forward to delivering a fantastic Games for the people of Birmingham, the West Midlands and the country.”Birmingham 2022 will open up a wealth of opportunities for people across the West Midlands region and the UK, including cultural engagement, business and trade, volunteering, physical activity, jobs and skills, education and tourism.With an estimated global audience of 1.5 billion, Birmingham 2022 offers a unique opportunity to harness the power of sport and cultural activities to boost the West Midlands region and to promote Global Britain across the Commonwealth as we leave the EU.Also Read: Women’s Cricket At CWG: ICC confirms bid for 2022 Commonwealth GamesMCC backs women’s T20 in 2022 Commonwealth GamesCWG 2018: Gold Coast shine in Commonwealth Games glory BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check WI vs SA 2nd Test Day 3 Live: South Africa lose early wickets; SA 50/3 (16.4 ov)- Follow Live Updates Share on Facebook Tweet on Twitter Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore WTC Final Day 3 Stumps: India remove Conway and Latham but Kiwis on top; NZ 101/2 (49 ovs) trail by 116 runs WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start Cricket Previous articleSP MLA thinks Indian cricket team wearing orange jerseys isNext articleBabar Azam can match Kohli, feels Pakistan batting coach Grant Flower Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket Cricket PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know Latest Sports News £778 mn budget allocated for Birmingham 2022 CWG RELATED ARTICLESMORE FROM AUTHOR WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video WTC Final Live: Virat Kohli continues century drought as Kyle Jamieson wins IPL team rivalry Cricket Cricket Euro 2020- Switzerland beat Turkey 3-1: Shaqiri brace ensure 3-1 win; Switzerland’s fate hangs on other Group results Cricket Football last_img