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Diary Highlights
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23 Jul 2014
London 2012 economic legacy worth £14bn
The London 2012 Olympic and Paralympic Games have provided the UK economy with a trade and industry boost in excess of £14bn.
The figure comes from the second annual update of the Inspired by 2012: The legacy from the Olympic and Paralympic Games published by the Department of Culture, Media and Sport, the London Mayor and UK Trade and Investment (UKTI).
Included in the £14.2bn are contract wins for UK businesses and additional sales and new foreign investment – generated in the two years since UKTI hosted the largest ever programme of business events held in Britain during London 2012. The total is already in excess of UKTI’s initial target of creating £11bn by 2016.
The news comes on the day the UK is set to host the opening ceremony of another major sporting event – the 2014 Commonwealth Games in Glasgow.
Speaking to business ministers in Glasgow today (23 July), Prime Minister David Cameron said the figures show how sport plays an important part in promoting UK as a place for global business.
“London 2012 was not just an amazing sporting event, but also a great opportunity to secure a lasting economic and sporting legacy for the whole UK,” Cameron said.
“Part of our long-term economic plan is about promoting every part of our country to the world and Glasgow’s Commonwealth Games will give us another fantastic platform to do this”.
“I’m confident we can build on our experience in London and make Glasgow 2014 so much more than just an amazing sporting event.
“This government will continue to work on behalf of every hardworking business in the UK to drum up trade, encourage investment and pave the way for growth so we can generate jobs, pay our way in the world, and create stability, security and a brighter future for our country.
Lord Coe, the Prime Minister’s Olympic and Paralympic legacy ambassador, added: “This report shows just how much is happening across the country to keep the spirit of London 2012 alive two years on from the Games.
“The country has taken the inspirational performances of our athletes and the uplifting public spirit seen during those few weeks in 2012, and built on it, whether through community projects, volunteering, and new sporting facilities, or through new ways of working together and improved trade relationships.
“This report celebrates some of those achievements, but there are many more examples happening all across the country. I look forward to the next 12 months of this legacy journey.”
London 2012 and the economic legacy:
• Following London 2012, UK firms have been increasingly winning contracts to help stage major sporting events. There have been £150m worth of business won by 40 companies for the Brazil 2014 World Cup and Rio 2016 Olympics.
• Earlier this week, UKTI published record-breaking foreign direct investment results for 2013-14, with 1,773 projects spread across the UK and 14 per cent more than the previous year, creating 66,390 jobs – the highest in over a decade – and safeguarding 44,971.
• Tourism has benefited too, with international visits to the UK having increased by 6 per cent in 2013 to 33m with a 13 per cent increase in visitor spend to £21bn.
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27 Mar 2024
Thailand's first lady attends APSWC Awards ceremony recognising industry excellence
The Asia Pacific Spa & Wellness Coalition (APSWC) recently marked another year of industry
achievement with a prestigious awards ceremony held during the 2024 APSWC Round Table
event in Bangkok, Thailand.
08 Mar 2024
Global Wellness Day 2024 to champion reconnecting with nature
Global Wellness Day (GWD) is set to mark its 13th annual celebration on 8 June 2024, under
the theme #MagentaNature, emphasising the vital connection between humanity and the
natural world.
04 Mar 2024
SHA Wellness receives top accolade at 2024 World Spa and Wellness Awards
Eight of the world’s leading spa operations were honoured at the annual World Spa and
Wellness Awards during a glamorous ceremony held in London over the weekend.
01 Mar 2024
Second edition of UK Aufguss Championships set to heat up Galgorm Resort
The ancient art of aufguss will be celebrated this April with the Second UK Aufguss
Championships at destination spa and hotel Galgorm Resort in Northern Ireland.
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06 Feb 2024
Canyon Ranch announces Enchant at The Ranch wellness festival
Destination wellness brand Canyon Ranch will host the first edition of its beauty and wellness
festival, called Enchant at Canyon Ranch, from 17 to 21 March at its Tucson resort and spa in
Arizona.
10 Jan 2024
Spas of America unveils Top 100 Spas of 2023, Spa at Séc-he lands first place
Spa and wellness travel website Spas of America has unveiled its Top 100 Spas of 2023, with
The Spa at Séc-he in downtown Palm Springs, California, taking the top spot.
20 Dec 2023
We Work Well unveils 2024 event schedule for fitness, wellness and hospitality industries
International hosted buyer event company We Work Well (WWW) has confirmed dates and
locations for its 2024 conference calendar.
11 Dec 2023
First Wellness Hospitality Conference attracts 500 attendees to Milan – dates revealed for 2024 event
The first edition of the Wellness Hospitality Conference (WHC), co-organised by Teamwork
Hospitality and InSpaTime, was recently hosted at the NH Hotel in Milan and attracted more
than 500 delegates.
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