Le Tour Yorkshire: See how the analysts worked out the economic impact of 3.3m spectators
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THE benefits to Yorkshire of hosting the Grand Départ this summer are in many ways incalculable, but analysts SPA Future Thinking have produced a report that has sought to do just that.
Yorkshire saw the majority of the economic benefit of the Tour de France’s three UK stages, generating £102m, while stage three hosts Cambridge, Essex and London shared £30.5m.
The overwhelming economic impact was, understandably, generated by direct visitor spending over the weekend of July 5-6:
This infographic, produced by SPA Future Thinking and reproduced in the report Three Inspirational Days, illustrates the contributions of various elements to the total economic impact figure:
In addition, there was £7.5m attributed to the Yorkshire Festival and a further £1.8m from the teams, media, volunteers and entourage that followed the event.
The remaining amount, which is slightly above £5m, was from the impact of Government spending on local suppliers in Yorkshire.
Two elements have not been included in the total impact figure – spending by local residents in watching the event and the economic benefits that were generated by the International Festival of Business. The impact of the two-day business event is still being calculated and will be published at a later date.
