An in-depth analysis of Tottenham Hotspur’s socio-economic impact has revealed a nearly three-fold growth in Gross Value Added (GVA) and additional jobs supported each year across the local area – with further growth estimated for the coming years - as a direct result of its new stadium and...
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Club’s contribution to London economy rises to almost £1bn in gross output and £500m GVA, with boost to local economy nearly trebling since Tottenham Hotspur Stadium opened
An in-depth analysis of Tottenham Hotspur’s socio-economic impact has revealed a nearly three-fold growth in Gross Value Added (GVA) and additional jobs supported each year across the local area – with further growth estimated for the coming years - as a direct result of its new stadium and activities.
• Tottenham Hotspur contributes around £900m of gross output to London's economy, generating an additional GVA of nearly £500m in London, new report finds
• The £344m GVA recorded for the 2021/22 season, across the London Boroughs of Haringey, Enfield and Waltham Forest, far exceeds the £120m per annum generated by the Club’s old White Hart Lane stadium in 2015, and is expected to rise to £585m by 2026/27
• Analysis finds 3,700 jobs are currently being supported by the stadium across the Club’s tri-Borough area
• Additionally, Tottenham Hotspur Stadium has been announced as a host venue for UEFA EURO 2028 in the UK & Ireland
As envisaged, the opening of Tottenham Hotspur Stadium in April, 2019, has been a landmark event in the socio-economic uplift of the Club’s local area which has seen, in addition to Tottenham Hotspur matches, events such as NFL, concerts, boxing and rugby arrive in London N17 and provide a further boost.
The study, carried out by EY, focuses on the 2021/22 season – the first full 12 months of events with fans in attendance since the stadium’s opening, following the COVID pandemic, and shows how the Club’s record investment is helping support residents and businesses in one of the most deprived parts of the Capital.
The report’s publication follows the stadium being announced as a host venue for UEFA EURO 2028 in the UK & Ireland
– a digital version of the report can be found at the foot of this article.
EY found that the Club contributes around £900m of gross output to London's economy, generating an additional £478m of GVA in London.
A benchmark report was produced in 2015, while the Club was still playing at its old 36,000-capacity White Hart Lane stadium, measuring the impact on GVA and employment the Club’s activities deliver across a tri-Borough area of Haringey, Enfield and Waltham Forest.
Standout figures include:
- £344m GVA (£296m in Haringey specifically), in comparison to the £120m GVA per annum being generated in 2015
- An estimation that the Club’s socio-economic impact will continue to grow in the years to come, with an estimated £585m GVA and 4,300 jobs expected to be supported during the 2026/27 season
- 3,700 FTE (full-time equivalent) jobs supported - 2,800 in Haringey specifically - inclusive of 1,800 directly employed by the Club, 1,600 supported through supply chains and a further 300 as a result of induced effects – in comparison to the total 1,800 jobs supported in 2015
- £194m of tax revenue generated within the UK
- £1.2bn of investment in the stadium and surrounding area to date – the largest private sector investment in Haringey
The report also highlights the socio-economic impact of non-football events specifically, with two NFL games and four concerts in 2021/22 delivering c.£10m GVA.
