Investment
Value for money
Hosting the Commonwealth Games is a high cost, high benefit undertaking. Approximately £145m capital budget is allocated for capital asset Games projects, and a further £700m forms the wider capital programme for Perry Barr regeneration spend. This investment includes significant transport infrastructure e.g. Sprint and upgrading rail stations. Also upgrades to sporting and residential facilities which have a wide reaching benefit.
Overall, the economic benefit to the region associated with hosting the Games is estimated to be in excess of £1billion.
Many of the benefits will be immediate, and others may take some time to surface, and then be felt for many years to come.
Moreover, we expect the Games to leave lasting memories for people that they can call on for future inspiration as to what they can achieve as individuals, as communities, and as the city of Birmingham.
The investments we have made to date, and will continue to make from this Games are significant in order to accelerate our response to the Grand Challenges.