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TT and Festival of Motorcycling assessment

Monday, 16 April 2018

The Cabinet Office is conducting an economic impact assessment of the TT and Festival of Motorcycling.

The work has been set up after a recommendation was approved during consideration of the Vision Nine report at the January sitting of Tynwald.

The assessment will look at the impact of the TT and Festival of Motorcycling on Government and the wider economy. As part of this process, the Economic Affairs division of the Cabinet Office is seeking feedback from a wide range of people and organisations.

As well as gathering information from various industry bodies, the researchers are keen to hear from businesses, charities, self-employed people and other groups that feel they experience either a positive or negative economic impact as a result of the TT or Festival of Motorcycling.

Dr Alex Allinson, Member for Cabinet Office, said:

‘Since 1907 the TT and motorcycle racing has been an integral part of the Island’s culture. This economic assessment is designed so that we can better understand the true costs and benefits road racing brings to the Island’s economy.’

Anyone wishing to submit evidence should visit https://consult.gov.im/  by Friday 18 May 2018 to provide some initial information to begin the economic impact assessment of the two events.

Respondents may then be contacted later in the year.

Any financial information provided as part of the process will be treated in the strictest confidence.

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