Chancellor Healey to announce £7m fund for Northern Olympics feasibility study
John Healey plans to allocate a £7m fund in his first budget on Wednesday to explore hosting the Olympics in northern England during the 2040s.
Government funding for feasibility study
The chancellor intends to use this money for a full assessment of a potential bid. This initiative follows an initial evaluation commissioned by UK Sport in May. The study will determine if the Games could take place in the north.
Support from athletes and mayors
More than 40 Olympians and Paralympians have signed a statement backing the concept. Local mayors across the region recently met to discuss the possibility of a bid. Prime Minister Andy Burnham stated that the event would unlock opportunities for towns and cities.
Economic impact of past games
A 2013 report estimated the London 2012 Olympics boosted the economy by £9.9bn. Some scepticism existed regarding that specific economic figure at the time. The new fund aims to investigate similar benefits for a northern location.
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- BBC News
- The Guardian
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