Northern Olympics plan to get £7m in John Healey's first Budget
The UK government is allocating £7 million in the upcoming Budget to conduct a feasibility study for hosting the Olympics in northern England during the 2040s. The initiative, supported by northern mayors and former Olympians, aims to explore the economic and social benefits of a regional games bid.
Why it matters
This represents a significant potential shift in UK infrastructure and regional development policy, aiming to decentralize major international events away from London.
Share Save Add as preferred on Google Laura Kuenssberg Presenter, Sunday with Laura Kuenssberg PA Media Team GB at the opening ceremony of the 2024 Olympic Games in Paris A £7m fund to explore how the Olympics could be brought to northern England will be announced in John Healey's first Budget on Wednesday, the BBC has learned.
The chancellor plans to allocate the money for a full feasibility study on the possibility for a bid for a "Northern Games".
If successful, it could see the games held in the North in the 2040s.
The last time the UK hosted the Olympics was London 2012. A UK Trade and Investment (UKTI) department report estimated in 2013 it boosted the economy by £9.9bn, although the amount was met with some scepticism.
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