The combination of football and sunshine have created a multi-million feel-good factor for the UK economy.

As World Cup fever sweeps the nation and the warm weather continues, the BBC reports that we could receive an economic boost.

Sales increased by £800 million compared to four years ago when England were knocked out at the group stages. And if England makes the final on Sunday, the UK economy could be boosted by as much as £2.7 billion.

According to data from the Centre for Retail Research (CRR) conducted on behalf of Vouchercodes.co.uk, England’s World Cup journey predicted that £193 million would be spent in pubs, restaurants, clubs and cafés around the country, rising to £488 million if the Lions make it to the final. Regionally, Londoners are said to be most likely to be gripped by football fever. With 60% of Londoners planning to watch the event.

Compared to previous tournaments, things are different this year. We were told the players were young and inexperienced and not to expect too much. However, everything changed as soon as they started playing.

World Cup

The World Cup Effect

Across the country, thousands of fans gather in pubs, bars and restaurants often extending games into all-day events. It is predicted that tonight will be no different, as England play their first World Cup semi-final in 28 years. As reported in Bar Magazine, The British Beer and Pub Association (BBPA) is predicting that England fans will buy 10 million extra pints during the semi-final World Cup against Croatia tonight, boosting the economy by up to £30m.

If you’re searching for the perfect place to enjoy the next game, why not try one of the Imbiba Leisure EIS Fund backed locations across the capital.

For the pub experience, The Darwin and Wallace portfolio of London village pubs includes locations in Wimbledon, Richmond, Battersea, Chiswick and more. You can find your nearest pub here.

Alternatively, Temper Soho and Temper City both boast 75-inch screens so you won’t miss a moment of the Lion’s action. A new location in Covent Garden has just opened, too.

EISInvesting in Leisure & Hospitality

The Imbiba Leisure EIS Fund is a unique opportunity to invest alongside the Imbiba team into a portfolio of businesses in the bar/restaurant sector, with a focus on London. The fund has previously invested in 5 exceptional concepts to date.

To find out more about our investment opportunities or anything else, please contact Christian Elmes on 020 7843 0471 orcelmes@enterprise-ip.com.

 


Article categories: Leisure & Hospitality

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