Edinburgh's festivals set to bring billions to Scotland's economy, report reveals

The report found that 80 per cent of audiences saw the festivals as part of what makes Edinburgh a special place to live, work and visit (Image: NQ)

EDINBURGH’S festivals are calculated to have a gross economic impact of more than £4.2 billion in Scotland over the next five years, a new landmark report has found.

A study by Festivals Edinburgh, the umbrella organisation for the city’s main festivals, has found that events in the capital add more than £850 million in overall value to the Scottish economy annually.