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Sport-Euro 2028 among events to benefit as UK govt pledges $1.2 billion investment in sport

Published by Global Banking & Finance Review

Posted on June 20, 2025

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· Last updated: January 23, 2026

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Sport-Euro 2028 among events to benefit as UK govt pledges $1.2 billion investment in sport
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(Reuters) -The UK government has pledged to spend more than 900 million pounds ($1.21 billion) to improve grassroots sporting infrastructure and support major events in the country such as Euro 2028,

UK Government Commits $1.2 Billion to Boost Sports Infrastructure

(Reuters) -The UK government has pledged to spend more than 900 million pounds ($1.21 billion) to improve grassroots sporting infrastructure and support major events in the country such as Euro 2028, the Department for Culture, Media and Sport said.

More than 500 million pounds would be used to support the delivery of world-class events, including next year's European athletics championships and the start of the men's and women's races of the Tour de France in 2027.

"This major backing for world-class events will drive economic growth across the country, delivering on our Plan for Change," Culture Secretary Lisa Nandy said in a statement on Thursday.

Affirming a commitment made by Nandy's predecessor Lucy Frazer in 2023, the government will also invest at least 400 million pounds in communities around the country to build new or upgrade existing grassroots sports facilities.

($1 = 0.7412 pounds)

(Reporting by Chiranjit Ojha in Bengaluru; Editing by Peter Rutherford)

Key Takeaways

  • UK government pledges $1.2 billion for sports infrastructure.
  • Euro 2028 among major events to benefit from funding.
  • Over 500 million pounds allocated for world-class events.
  • 400 million pounds to improve grassroots sports facilities.
  • Investment aims to drive economic growth across the UK.

Frequently Asked Questions

How much is the UK government investing in sports?
The UK government has pledged to spend more than 900 million pounds, which is approximately $1.21 billion, to improve grassroots sporting infrastructure.
What events will benefit from this investment?
The investment will support major events such as Euro 2028 and next year's European athletics championships.
What is the purpose of the funding?
The funding aims to enhance grassroots sports infrastructure and support the delivery of world-class events, driving economic growth across the country.
Who announced the investment?
Culture Secretary Lisa Nandy announced the investment, affirming a commitment made by her predecessor Lucy Frazer.
How will the investment impact communities?
At least 400 million pounds will be invested in communities to build new or upgrade existing sports facilities.

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