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22:35 on Wednesday
23 July 2008

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Concerns over grab on lottery funds to cover costs of Olympics

News | Community

Peterborough MP Stewart Jackson, expressed concern today over growing evidence that the costs of the 2012 London Olympics will be met by raiding lottery funds previously set aside for local charities.

Stewart Jackson MP

The original estimate for the construction of Olympic Park and other regeneration expenditure in East London was £2.35 billion – but has now risen to an estimated £9 billion or more.

He has signed an Early Day Motion in the House of Commons to highlight the issue.

The Lottery is already funding a large share of the cost of the event (£1.5 billion) and further demands will have a potentially big impact on the charity and voluntary sector.

Stewart commented: “Any further cost overruns will mean the Government agreeing to a bigger raid on Lottery funding previously available for good causes. This may have a major impact on charity work and volunteering.

Local charities like ASBAH will be effectively be taxed to finance the Olympic Games in London. This is unfair and the Treasury needs to make sure costs are kept under control and charities across the UK are not penalised.”

Stewart Jackson was elected in May 2005 to represent the Peterborough constituency in the House of Commons. To find out more about him, his views and activities, visit his website at www.stewartjackson.org.uk

Peterborough UK Community Website - February 2007




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