The Glasgow 2014 Commonwealth Games delivered a boost of over £423 million ($635 million/€559 million) to businesses in the Scottish city, Glasgow City Council has revealed.
The announcement comes exactly six months after the Opening Ceremony of the Games, which saw some £669 million ($1 billion/€883 million) of Tier One Games-related contracts, including for the construction of the Sir Chris Hoy Velodrome, Glasgow National Hockey Centre and Tollcross International Swimming Centre, awarded to firms.
Scottish businesses won more than £510 million ($766 million/€674 million) of the total worth of these contracts.
In addition to the boost for businesses, Glasgow City Council said last year's Commonwealth Games also provided employment for 784 graduates through its Commonwealth Graduate Fund, 917 previously unemployed people living in the city through the Commonwealth Jobs Fund and 321 others through the Commonwealth Youth Fund.
Community benefit clauses in contracts for regeneration initiatives in the city have also provided jobs for the long-term unemployed and school leavers, with the Commonwealth Apprenticeship Initiative finding modern apprenticeship places for almost 3,600 Glasgow school leavers over the past five years.
These targets all form part of the £50 million ($75 million/€66 million) Glasgow Guarantee, which aims to provide every Glaswegian aged between 16 and 24 with access to a job, training or an apprenticeship, and the Glasgow 2014 Legacy Framework that was created in 2009.
The Council said it is "now seen as a model in terms of the award of public sector contracts".
"The world knows that Glasgow delivered the best Commonwealth Games there have ever been," Gordon Matheson, Leader of Glasgow City Council, said.
"But the Games were always about much more than 11 spectacular days of sport and cultural festival, however wonderful and memorable.
"What matters most are the lasting benefits for the people of Glasgow.
"It's enormously heartening to read these hugely impressive figures about the jobs, apprenticeships and contracts gained by Glasgow people and businesses as a result of our Games.
"We also retain the skills, facilities and enhanced international reputation that ensures we will continue to attract world-class events in the future."
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