Our answers to frequently asked questions are featured below. Should you have a different question, please contact us on info@olympiclottery2012.org.uk
How much Lottery money is being spent on the London 2012 Olympic and Paralympic Games?
The Olympic Lottery Distributor will have an income of £1,835m from National Lottery proceeds from which it will support the London 2012 Olympic and Paralympic Games. This will represent about 17% of total Lottery income between 2005/06 and 2012/13. In addition, Sport England expects to make £51m available to support the construction of the Aquatic Centre and the VeloPark. UK Sport will also use Lottery money to support British athletes prepare for the Games. The Government has announced that in the event of sale of land on the Olympic Park, some of the income will be paid back to the National Lottery up to a total of £675m.
What will happen to the London 2012 venues after 2012?
Central to the UK’s plans for London 2012 is the principle that there should be a lasting economic, social and sporting legacy of the London 2012 Games. Hence many of the facilities that are being built are being designed for use after 2012 either in the Park or they are demountable and can be relocated.
This website contains some information about what will happen to the key venues after the 2012 Games – you can find more detailed information on the legacy page of the London 2012 website and the London Development Agency's (LDA) Legacy Now website.
A 2012 Legacy Delivery Company has been created to take over the legacy work currently being carried out by the LDA. This company will oversee the further regeneration of east and south-east London for 20 years beyond 2012.
Isn't London 2012 taking funds from the rest of the Lottery?
Every pound spent on the Lottery generates 28p for good causes, i.e. arts, sport, heritage, health, education, charities, the communities and voluntary sectors and the environment. Across the board, about 5 pence in every pound spent on the Lottery will go to the 2012 Games. The remaining 23 pence will continue to go to other Lottery Good Causes. To find out how your Lottery pound is spent, see the Good Causes website.
What will the Olympic Lottery Distributor spend money on?
The purpose of the Olympic Lottery Distributor is set out in s30 of the Horserace, Betting and Olympic Lottery Act 2004 and our priority is to fund the creation of the infrastructure and venues which are necessary for hosting the London 2012 Games. The OLD has also made a grant to the London Organising Committee of the Olympic and Paralympic Games (LOCOG) in respect of the Live Sites and is considering funding aspects of the Cultural Olympiad. For more information on the funding decisions our Board has taken so far, see the Summary Minutes of OLD Board Meetings on the Publications page of this website. You will also find information on the Olympic Lottery Distributor in our Annual Report and Accounts which can also be found on the Publications page of this website.
Is funding being spent on venues and infrastructure outside London?
Olympic Lottery funding is being used to facilitate the success of the London 2012 Olympic and Paralympic Games which, it is anticipated, will have a positive impact on the whole of the UK. Most of the venues are in and around London. However, there are venues elsewhere in the UK that can be seen on this website. In addition to these venues, there will be training camps where athletes from participating nations will prepare before the 2012 Games. These have yet to be fully identified. There will also be some training facilities near the London 2012 venues.
Where can I buy a ticket to support the London 2012 Games?
Proceeds from the Dream Number draw game, online draw games and a number of scratch card games (see National Lottery website) are dedicated to the London 2012 Olympic and Paralympic Games. Funds from those National Lottery games not designated to support London 2012 go to the National Lottery Distribution Fund and a further £1,085m from that fund is being transferred to the Olympic Lottery Distribution Fund.
The London 2012 Games is all about sport, isn’t it – what’s happening to the arts and culture?
London 2012 is both a sporting and cultural festival. When Britain last hosted the Olympic Games in 1948, there were medals for cultural activities. The Cultural Olympiad in the UK commenced with the closing Beijing Olympics in 2008 and will run until the 2012 Games. The Cultural Olympiad will showcase British talent and innovation and it aims to inspire people across the UK to participate in a range of cultural activities. The Big Lottery Fund, Arts Council England and the Government have endowed the Legacy Trust UK which will support cultural and sporting activities, associated with London 2012, across the UK.
To find out more see the Cultural Olympiad section of this website or visit the London 2012 website.
How much does it cost to run the Olympic Lottery Distributor?
The running costs of the Olympic Lottery Distributor were £727,557 in 2008/09. To 31 March 2009, the OLD's cumulative expenditure on running costs was 0.38% of cumulative income. One of the Olympic Lottery Distributor’s key performance indicators is that its total lifetime operating expenditure will be less than 1% of its income and hopefully within the amount earned in interest whilst funds are awaiting draw down.
How can I find out if any activities are happening in my local area?
On this site, you will find a map of venues across London and the UK. These include those venues where there will be a London 2012 event,
sporting or cultural, or even where there will be a training ground. Venues for training and cultural activities
have yet to be identified and will be added to the map as time goes by. Further detailed information can also be obtained from the
organisations listed on the links page of this site.
|
|
Links
On this website
Contact us
» read more
Legacy
» read more
Sustainability
» read more
|
