Economic evaluation outcomes: major events development fund

1 Aug 2013

This report outlines the results of an approach modelled on a cost-benefit analysis methodology undertaken by the Ministry of Business, Innovation and Employment in 2012.

This report examines 18 of the 19 events that received an investment from the Major Events Development Fund (MEDF) between February 2010 and April 2012, for which either a post event report and/or an economic impact assessment, was submitted to the Ministry of Business, Innovation and Employment (MBIE).

Investment received by each event ranged from $50,000 (three events) to $2 million (one event).

The evaluation does not include the Rugby World Cup 2011, which as a “mega” event is beyond the scope and definition of “major” events that are the subject of this report. A Rugby World Cup 2011 Host Nation’s Report was published in December 2012, and informs economic and other social, cultural and legacy benefits for this pinnacle event.

Some of the events evaluated include the New Zealand International Festival of the Arts 2010, World Rowing Championships 2010, Winter Games 2011, and the Volvo Ocean Race 2011-12 Auckland stop over. To protect the commercial nature of each event, individual events have not been identified in the report.

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