UK Government offers to share financial risk for Glasgow Commonwealth Games

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UK Government offers to share financial risk for Glasgow Commonwealth Games
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Neither the UK nor the Scottish Governments are willing to underwrite the scaled-back event.

The UK Government has offered to share the financial risk for the Commonwealth Games coming to Glasgow in 2026, according to reports.But the BBC has reported that Labour sports minister Stephanie Peacock has backed "an additional contribution of up to £2.3m" for the event in a letter to the SNP health secretary Neil Gray.

The letter reportedly said Gray told the UK Government in August that Glasgow hosting the Games would be "contingent on the UK government providing a full, uncapped underwrite of financial risk connected to the event".She added that the UK government "cannot commit to fully underwriting the risk for an event the Scottish government has committed to host".

The letter also said none of the proposed funding could "enhance the concept or ambition of the Games".

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