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A detailed report is being prepared to explore the feasibility of hosting the games, focusing on how the event might be organized effectively. This analysis will cover essential aspects such as the types of venues and transportation infrastructure needed, the possibility of multiple cities sharing hosting responsibilities, and the potential advantages for local communities.
A key element of the study will be to evaluate the financial implications of hosting the games and to gauge the likelihood of a successful bid. Reflecting back on the 2012 London Games, the Conservative-Liberal Democrat coalition government had estimated the total cost at £8.9 billion. Additionally, a 2013 report by UK Trade and Investment, the former agency now succeeded by the Department for International Trade, claimed that the event contributed a £9.9 billion boost to the economy through new contracts, increased sales, and foreign investment.
However, these figures have not gone unchallenged. Some organizations, such as the Federation of Small Businesses and the National Institute of Economic and Social Research (NIESR), expressed skepticism about the accuracy of the reported economic impact. Moving forward, the new feasibility study for hosting the Northern Games will involve collaboration between the government, UK Sport, the Northern Mayors, and the British Olympic and Paralympic associations.
Sport Secretary Healey emphasized the lasting impact of hosting the Olympics, stating, “Olympic legacy lasts way beyond the celebration of sport over the summer. The North hosting an event as big as this would be truly unforgettable.” He added, “Britain’s experience of London 2012 is proof we can host the world. I’m picking up the pace on our work to potentially bid for these prestigious games. It will lift communities, create opportunities and give the UK a huge boost.” The announcement of funding for the feasibility study was met with approval from the British Olympic Association, ParalympicsGB, and UK Sport, who jointly stated their enthusiasm for exploring a potential bid in the 2040s. They highlighted the importance of building on the success and enduring legacy of London 2012 and expressed commitment to working together to realize the benefits such an event could bring both nationally and to the wider Olympic and Paralympic communities
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