T in the Park festival 'worth £40m' to Scots economy

Fans watch Ke$ha at T in the Park The festival has taken place in Kinross for the last 14 years

Related Stories

Scotland's biggest music festival, T in the Park, was worth more than £40m to the Scottish economy last year, according to organisers.

The figures included local spending and estimated benefits accrued from media coverage.

The total was more than double the £18m estimate made when research was last conducted in 2005.

The announcement came as the festival was granted planning permission for the next two years.

Figures compiled by consultants Ekos were presented to the council's planning committee.

They suggested the event's "significant economic impact" to Scotland was almost £9.6m - a 31% increase since the last study in 2005.

At Tayside level, the impact was estimated at £3.7m - an 80% rise from 2005 - while the event generated more than £2.7m for Perth and Kinross.

The media impact of the event was estimated to have risen to more than £30m.

That figure was calculated by DF Concerts and Events, which looked at the estimated benefits to tourism and other industries from news articles generated in print and online, as well as television coverage.

A spokesman for the event said: "These figures show T in the Park's continued and increased value to the Scottish economy as a whole, as well as at a local level.

"The festival has taken place in Kinross for 14 years and we are delighted that we will be continuing our commitment to the area and our positive relationship with the local community and the council."

The 19th T in the Park festival in Balado, near Kinross, will be held over the weekend of 6-8 July.

Main stage headliners include Snow Patrol, Kasabian and The Stone Roses.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories

RSS

Features

  • A painting of the White House on fire by Tom FreemanFinders keepers

    The odd objects looted by the British from Washington in 1814


  • Chris and Regina Catrambone with their daughter Maria LuisaSOS

    The millionaires who rescue people at sea


  • Plane7 days quiz

    What unusual offence got a Frenchman thrown off a plane?


  • Children testing a bridge at a model-making summer school in Crawley, West SussexSeeding science Watch

    The retired professor who turned village children into engineers


  • Krouwa Erick, the doctor in Sipilou town at the border of Ivory Coast and Guinea - 27 August 2014Bad trip

    The Ebola journey no-one in Ivory Coast wants to take


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.