London 2012 legacy warning

Lessons can still be learned from hosting London 2012 despite the event's "undoubted triumph", MPs have said. They warned the Games' volunteering legacy risks "fizzling out", while the Lottery's £2bn Olympic Park donation may not be repaid.

View all 5 updates ›

MPs raise doubts over Lottery's Olympic repayment

The National Lottery played a key role in helping to fund the London 2012 Games. Credit: Dominic Lipinski/PA Archive

A post-Games review from MPs has raised doubts that £2bn worth of London 2012 funding from the National Lottery will be repaid.

The donation ensured the Lottery would be reimbursed from future returns from developments at the Olympic Park, which was developed using the public funds it boosted.

The Public Accounts Committee (PAC) said it was "not clear" that the Lottery's interest is being "adequately promoted and protected" by the London Legacy Development Corporation (LLDC), which is in charge of securing the economic future of the Park.

The MPs suggest the Government should develop "a mechanism" to ensure the LLDC's decisions are transparent and prioritise the interests of the Lottery.

They said current projections suggest the first repayment to the Lottery will not be until the mid-2020s.

More top news