Tottennham Hotspur’s economic contribution to London through events, employment, spending with local businesses, and community projects rose to close to half a billion pounds last year, a new study has found.
Research commissioned by the north London club from consultants EY found that the boost its local area, as well as the capital as a whole, has dramatically increased since its £1.2 billion Tottenham Hotspur Stadium replaced its former White Hart Lane home in 2019.
EY economists said the gross value added (GVA) generated across London reached £478 million in 2021/22, of which £296 million was in Spurs’ home borough of Haringey. If Enfield and Waltham Forest are included the GVA impact was £344 million last season — the first since the new stadium opened that it could be filled to its 62,850 capacity without pandemic restrictions.
This compares with just £120 million in 2015. The total is forecast to increase to £585 million by 2027.
Over the same period the number of jobs in the three boroughs supported by Spurs rose from 1,800 to 3,700 and tax revenues from £39 million to £194million, the report’s authors found.
Tottenham Hotspur chairman Daniel Levy said: “Delivering tangible benefits to those living on our doorstep has always been a driving factor since we initially undertook the stadium development project — four years on from the stadium’s opening, this report clearly shows the difference it is making to people’s lives and the economic prosperity it is bringing to our community.”
Mayor Sadiq Khan said it was “fantastic” to see the positive impact of the stadium in the local area, “from job opportunities and skills learning to local small business investment.
