Source · Select Committees · Culture, Media and Sport Committee
Recommendation 3
3
The Government has a role to play in attracting investment into sport from other sources.
Conclusion
The Government has a role to play in attracting investment into sport from other sources. It is important that public funding is used strategically to unlock additional investment, including private finance, pension funds, and innovative mechanisms such as crowdfunding and debt guarantees. Corporate social responsibility investment in sport for development remains disproportionately low, despite significant private sector spending on elite sport sponsorship. (Conclusion, Paragraph 17)