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Olympics and Paralympics (Funding)

I welcome this debate and the enthusiasm of the many hon. Members who have spoken, as well as their determination to ensure, particularly when the torch makes its tour around the UK, that the towns, villages, cities and communities of Great Britain lead the celebration. We can be very confident on the basis of what we have heard today. This week will mark 150 days to go until the opening ceremony when, as so often mentioned in the debate, half the world's population will be watching the Olympic stadium in London. We must all feel a special tingle of anticipation at the prospect of what lies ahead. I listened carefully to all the speeches and, although he is not in his seat, I would like pay particular tribute to the hon. Member for Blackpool North and Cleveleys (Paul Maynard). He captured, certainly better than I could, the spirit of ““One Vision”” and the equivalence between the summer Olympics and the Paralympics. Indeed, many of the Paralympian wags will say that the summer games are simply a test event for the main event that follows—the Paralympics. This is a moment to take stock, under the watchful eye of the Chair of the Select Committee, the hon. Member for Maldon (Mr Whittingdale), at whose mercy I have spent many hours in the past 10 years. It is a moment to focus again on why we decided to invest £9.3 billion of public money in seeking to host the greatest sporting event in the world. The term ““legacy”” is used very loosely, but it is important to pin down precisely the legacy commitment we made. It was twofold: first, that an Olympic games would drive the regeneration of east London and, secondly, that an Olympic games in London would transform a generation of young people through sport. As we consider the use and value to the public of that enormous investment of their money, let me set out briefly the achievements regarding each of those legacy promises.