Glastonbury Provides £73m Boost For Local Community
Glastonbury Festival injected more than £73 million into the surrounding community last year, a new report has shown.
While the festival can prove disruptive for residents in and around the village of Pilton, a report by Mendip District Council has revealed the huge financial contribution made by the annual music event.
Each of the 177,500 attendees of the 2007 event spent an average of £293.24, according to the survey by Bristol firm Baker Associates.
Some £25.6 million was spent at the Worthy Farm festival site by festival-goers and traders while off-site spending comprised £26.5 million of festival-based capital.
And with £21.2 million estimated to have been spent on organising and staging the festival - which last year featured Arctic Monkeys, the Killers and the Who - a total of £73.3 million was spent on the 2007 Glastonbury Festival.
Councillor Harvey Siggs, leader of Mendip District Council, commented: "Glastonbury Festival is such a huge event for Mendip. This study has revealed valuable information that, until now, has not been identified before.
"We've always recognised that Glastonbury Festival is an important event for our district and the country, but have never been able to judge just how important it is."
Mr Siggs added: "The study has provided some important data which will not only help those involved to plan future festivals but also to look at how the festival affects Mendip."
Registration for tickets to this year's event was reopened this week after tickets failed to sell out on Sunday.