Budget doubled for London 2012 opening and closing ceremonies

The government has doubled the budget for the London 2012 Olympic and Paralympic ceremonies to more than £80m.

Minister for Sport and the Olympics Hugh Robertson said: "London’s opening and closing ceremonies are a once-in-a-generation opportunity to showcase the very best of our country to four billion people around the world and have a potential advertising value of £2-5 billion.

"To get the ceremonies absolutely right, and boost the Games business and tourism legacy, we are putting additional investment into our ceremonies."

The additional £41m for the opening and closing ceremonies will be funded from the £9.3bn public finding package for the 2012 Games.

The venue security allocation has also risen by £271m to £553m after the number of security guards was revised from the 10,000 originally forecast to nearly 24,000.

Despite the additional costs, Robertson said that the Olympic programme remains on time and within budget, with more than £500m of unallocated contingency still available.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Neon gets new deputy MD from Clive

Neon gets new deputy MD from Clive

Dublin-based event agency is repositioning itself to produce more live and digital experiences.

‘I was feeling like a tortoise in quicksand’

‘I was feeling like a tortoise in quicksand’

Pico's Caroline Bee recounts her first experiences of organising events in the Middle East.

8 rules for being a great leader during lockdown

8 rules for being a great leader during lockdown

Shelton Fleming’s strategy director says leaders will emerge during the pandemic and help businesses remain fighting fit.

LIVE UPDATES: World Athletics Championships moved to avoid Olympics clash

LIVE UPDATES: World Athletics Championships moved to avoid Olympics clash

All the latest postponements and cancellations as the world deals with the coronavirus pandemic.

How Worldspan is keeping its team connected during a crisis

How Worldspan is keeping its team connected during a crisis

'It's critical to have regular, honest communication with the whole team,' says event agency's MD Sophie Morris.

Our view: I watched a car-crash webinar

Our view: I watched a car-crash webinar

C&IT’s senior reporter Ellie Kahn prays that online events quickly improve during the lockdown.

'Indefinite' travel ban leaves planners with more questions

'Indefinite' travel ban leaves planners with more questions

As the Foreign & Commonwealth Office updates its advice against all non-essential travel, can planners make any forward bookings at all?

Insurance company rejects agency’s coronavirus claim

Insurance company rejects agency’s coronavirus claim

Creative communications agency had taken out specific coverage for ‘human contagion disease’ in the lead up to the coronavirus pandemic.

Case study: Genesis launches luxury electric car Mint Concept

Case study: Genesis launches luxury electric car Mint Concept

INVNT's car launch event included a runway show, live music and dancing at a brand new venue in New York.

9 ways to improve your virtual meetings

9 ways to improve your virtual meetings

Dan Walker from Ashfield Meetings & Events has compiled a checklist to ensure your video calls run smoothly.