Get the latest news from Manx.News

Cost of MGP revealed

Wed, 08 Feb 2012

The Manx Grand Prix costs the Department of Economic Development over eight hundred thousand pounds to stage.

In 2010, the festival cost £815,027, including insurance, medical cover, awards and administrative costs.

Totals for last year are still being calculated, but it's expected to be around £834,000 plus extra costs for the Departments of Health, Home Affairs and Infrastructure.

However, the report does estimate there's been a 10% increase in visitors over the last two years.

Visitors are estimated to spend a total of £5.9million whilst attending the festival.

The figures have been published as part of an ongoing review into the MGP.

 

---