Le Mans circuit sustains 5000 jobs

The Université du Maine in France has completed a new economic impact study of the publicly owned Circuit de la Sarthe and its racing events, including the Le Mans 24 Hours. The study concluded that the annual contribution is equivalent to ?77.35m and 2200 permanent jobs in the Sarthe region, and ?222.74m and 5000 permanent jobs in France as a whole

Le Mans circuit sustains 5000 jobs

The study was financed by Le Mans race promoter the ACO (Automobile Club de l'Ouest), the Le Mans city administration (Ville du Mans) and two regional civic bodies (the Conseil Général de la Sarthe and the Région des Pays de la Loire). It was undertaken by three professors in the university's Economic Sciences Department, namely Arnaud Chéron, Jean-Pascal Gayant and François Langot.

The 'financial fallout' (the excess cash flow generated by the circuit activity) is divided into 'direct fallout' (the ACO's income from ticket sales, entry fees, TV rights, concessions and so forth), 'indirect fallout' (transportation, accommodation, catering and leisure activities of spectators) and 'spinoff fallout' (income deriving from the image of the circuit such as its museum and rents from motorsport companies in the adjacent Technoparc).

The study concluded that the direct fallout amounted annually to ?23.1m, the indirect fallout to ?24.9 in the Sarthe region and ?42.5m in the rest of France (including ferry ports and suchlike), and the spinoff fallout to ?14.0m.

The study confirmed that the economic impact has been growing by comparing the new figures (taking inflation into account) with the results of similar surveys in 1978 (?53.3m) and 1981 (?61.6m).

At the end of 2001, unemployment was running in the Sarthe Département at 7.2 percent, and would have been at 8.3 percent without the circuit's activities.

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