Kirklees Council will put £672,397 into hosting the Tour de France Grand Depart in Yorkshire.
A breakdown shows that Kirklees Council will contribute £629,397, with a further £58,000 on legacy and cycling skills projects.
The authority will get £221,072 from the Government, taking the total Kirklees costs to £850,469 – one of the lowest bills for local authorities for hosting the world’s most famous cycle race, which in total is expected to cost £20.9m to stage.
Council papers break down all the figures. They include:
Highway route preparation: £200,000. Highway works are already under way on stretches such as Chapel Hill and Woodhead Road. The authority has brought forward planned work if it covers the Tour route;
Traffic management: £115,397;
Contribution to the bid and preparatory costs: £249,000;
Direct costs: £99,940;
Route support: £121,123;
A further £15,000 is going towards legacy costs and £43,000 to British Cycling for a two-year Skyride project to boost cycling skills of Kirklees residents.
Calderdale’s bill is slightly higher, they face a council contribution of £767,515, with a further £233,051 allocated by the Government, with an overall figure just topping £1m. The bulk of the funding was agreed by Calderdale councillors in August.
Clr Mehboob Khan, Kirklees Council leader, said: “Our task is to ensure that the money that the council has invested to bring the Grand Depart to West Yorkshire is repaid many times over in the positive impact on our local economy and boosting physical activity through cycling.
“We have created the conditions for local companies to take advantage of the world’s biggest annual sporting event and there is a great opportunity to boost inward investment, attract visitors and increase the number of overnight stays right across Kirklees.”
Around one million spectators are expected to line the route throughout the two-day race in Yorkshire.
On July 6 it enters Calderdale, then Kirklees at Ainley Top, before heading towards Huddersfield town centre, Lockwood, Holmfirth and over Holme Moss.
Kirklees is planning spectator hubs along the route and is creating a tourism strategy over the next 12 months and expects a £2m return.
The authority is working with businesses and residents to tap into the benefits of the Tour coming to Yorkshire – temporary accommodation, car parks and commercial opportunities in visitor hotspots will be explored.
A council report says: “The Tour de France is the largest annual sporting event in the world, attracting a global audience.
“In 2007 it is estimated to have brought £88m economic impact to London and £35m worth of equivalent advertising coverage.
“Our ambition is to exceed that economic benefit for the region. Hotel bookings are already strong and there is positive local, national and international interest.”
Kirklees Cabinet members will be asked to approve the £629,397 spend at next Monday’s meeting.