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Delivering a financial legacy

Shona Robison, Cabinet Secretary for Commonwealth Games and Sport

12/06/2014
Blog
Delivering a long-lasting financial legacy for Scotland through the XX Commonwealth Games is one of our key priorities.

As the biggest sporting and cultural event Scotland has ever hosted, the Games is providing real benefits and opportunities for business in Scotland.

Yesterday I attended the Institute of Chartered Accountants Scotland (ICAS) Member Engagement Event in Glasgow, hosted by Games Sponsor Ernst & Young, to highlight business legacy benefits so far to an audience including senior partners from some of Scotland’s major accountancy firms and students embarking on a career in the field.

With 41 days until the Games begin, Scottish businesses have benefitted from the Commonwealth games legacy by securing Games related contracts, paving the way for further contracts and new markets at home and overseas. To date £313 million worth of tier 1 contracts have been awarded for the Commonwealth Games, with 82% of contracts going to Scottish businesses.

The success of the Games won’t just be measured by sporting success. It is also about delivering jobs, training opportunities and a strengthened economy. Scotland is a world class destination for business and the games are already bringing lasting physical, social and economic benefits here. The legacy programme has already helped 500 graduates to secure employment, including those studying accountancy, through the Commonwealth Graduate Fund.

To maximise the economic benefits of hosting the Games, we will host a major business conference at Glasgow University on  22 and 23  July, which will offer Scottish businesses the opportunity to develop new global business partnerships. The Commonwealth Games Business Conference will showcase Scotland as a great place to invest and do business and will bring together over 200 senior executives.

Glasgow’s City Halls and Old Fruitmarket are also to be transformed into Scotland House - a hub to celebrate Scotland’s sporting success, culture and business potential during the Commonwealth Games.

The hub will host a range of events to capitalise on the Games and exploit the international and domestic business opportunities presented by Scotland hosting the Games.

Scotland House will be open from July 21 to August 3 and is a partnership between Commonwealth Games Scotland, the Scottish Government, sportscotland, Glasgow City Council, VisitScotland, Scottish Enterprise and Creative Scotland.

Find out more about the economic legacy of the Games 

 

   ICAS's Anton Colella, Allan Wells MBE, Ernst and Young's Douglas Nisbet and Cabinet Secretary Shona Robison