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Cost of 2014 Games rises to £454m | Cost of 2014 Games rises to £454m |
(10 minutes later) | |
The budget for the 2014 Commonwealth Games in Glasgow is to be increased by £81m, it has been announced. | The budget for the 2014 Commonwealth Games in Glasgow is to be increased by £81m, it has been announced. |
The organising committee for the Games said funding for the event would rise to a total of £454m. | The organising committee for the Games said funding for the event would rise to a total of £454m. |
The bulk of the extra cash will come from the Scottish government. The city council will provide an additional £9m. | The bulk of the extra cash will come from the Scottish government. The city council will provide an additional £9m. |
Council leader Steven Purcell said he was "disappointed" by the increase but accepted it had been caused by "changing circumstances". | Council leader Steven Purcell said he was "disappointed" by the increase but accepted it had been caused by "changing circumstances". |
The Scottish government will contribute an additional £39m, plus a further £20m from a reserve fund. | The Scottish government will contribute an additional £39m, plus a further £20m from a reserve fund. |
A total of £13m will be raised through commercial activities. | A total of £13m will be raised through commercial activities. |