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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.



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