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| Cost of 2014 Games rises to £454m | Cost of 2014 Games rises to £454m |
| (20 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 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. |
| Glasgow 2014 Limited, said a number of factors including legislative changes, and in particular rising broadcasting costs, had contributed to the budget increase. | |
| The Scottish government will continue to make the case for the recovery of £150m lottery funds diverted from Scotland to pay for the London Olympics Alex Salmond MSP First minister | |
| It follows a review by financial advisers PricewaterhouseCoopers. | |
| Lord Smith, chairman of the organising committee, said: "We wish to stage an outstanding games that will inspire the people of Scotland and be celebrated in Glasgow, across Scotland and indeed the Commonwealth. | |
| "Everyone in the organising committee also recognises the responsibilities upon us to deliver an efficient and effective games, minimising the cost to the public purse in these difficult economic times. | |
| "The games' partners are united in the belief that these games can be the catalyst for significant change and will generate enormous sporting, social and economic benefits for the whole of Scotland, and we believe that the budget announced today will enable all those potential benefits to be realised." | |
| First minister Alex Salmond said:"This necessary budgetary increase is challenging for the public purse but the funding boost is good news for 2014 and will ensure an exciting, efficient and effective event. | |
| "Of course this funding represents an enormous commitment to Glasgow but the benefits and value will be felt throughout Scotland." | |
| He added: "There are still issues to be resolved. | |
| "The Scottish government will continue to make the case for the recovery of £150m lottery funds diverted from Scotland to pay for the London Olympics, and to call for Scotland to receive its share of Olympic regeneration investment." | |
| Mr Purcell said: "The games will bring real benefits for all Glaswegians and I will do all I can to ensure that those benefits are delivered." |