In response to the Government’s strategy for sport, Sporting Future, sporting bodies were tasked with measuring the contribution of their sport to economic development.
Applying our Satellite Account methodology to a specific sport for the first time, we helped The R&A to show:
- how much consumers spent on golf,
- how much golf contributed in Gross Value Added, and
- how many people were employed in the golf industry.
The challenge
How do you value an industry that is not officially recognised in the National System of Accounts?
The method
Using the Satellite Account methodology we originally devised for DCMS to derive a value for the entire UK sport industry, we adapted it for the golf industry.
The impact
The R&A became the first governing body of sport to produce a sport-specific Satellite Account. The report was launched in the Houses of Parliament by the All-Party Parliamentary Golf Group and was subsequently the subject of an Adjournment Debate in the House of Commons.
You can from the R&A website.
Similar reports
- (Department for Digital, Culture, Media and Sport, 2015)
- (Department for Culture, Media and Sport, 2011)
- (Department for Digital, Culture, Media and Sport, 2015)
- (Publications Office of the EU, 2016)
