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Over a million pounds lost on TT and Festival of Motorcycling last year

Wed, 09 Dec 2015

Minister Laurence Skelly
Minister Laurence Skelly

£1.4 million was lost on the TT and Festival of Motorcycling between 2014 and 2015.

That's according to the Economic Development Minister who was questioned on the department's financing of both events in the House of Keys yesterday.

It paid out around £2.6 million for TT and £1.5 million for the Festival of Motorcycling in that time - receiving approximately £2.7 million in gross income.

Laurence Skelly says that benefit is showered on the local economy in return: 

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