New Year’s Day 2020: How much do London New Year fireworks cost?
Tickets for the event, priced at £10, have sold out with 100,000 spectators due to attend the show in Westminster tonight. The pyrotechnic and lighting display features more than 12,000 fireworks, 2,000 lighting cues and 30 tonnes of equipment, choreographed to music.
How much do London New Year fireworks cost?
More than 3,000 people, from pyrotechnicians to stewards, work together to ensure that the capital’s celebrations run smoothly.
The final cost of the fireworks will be released in the New Year, but according to the Mayor of London website, £2.3 million of net expenditure was put aside for the 2018 display.
But a Freedom of Information Act (FOI) request submitted to the Greater London Authority (GLA) two years ago asked for a breakdown of its budget from 2000 to 2017.
The figures showed the budget doubled from £1.05 million in 2000 to £2.1 million in 2016.
The GLA wrote: “In light of increased crowd numbers and to ensure the event continued safely, ticketing was introduced in 2014.
“Since that time, income from ticket sales has helped to offset additional costs associated with ticketing and visitor management.
“In consideration of GLA expenditure, the economic benefits as a result of the event are considerable.
“With more than 100,000 ticket holders, this translates into a multi-million-pound boost to the capital’s visitor economy.
“In addition, the national and worldwide media coverage of the event brings significant media value and promotion of London.
“In 2016 the event was watched on TV by an audience of 12 million and is also shown in cities across the globe.
“The total financial benefits to London far out-weigh the public expenditure incurred.”
It is estimated ticketholders coming to London to attend the fireworks will bring an economic benefit of £6.5 million to the city.
The New Year’s Eve firework display has been a ticketed event since 2014.
From 2003 to 2013, before ticketing was introduced, the event was hugely oversubscribed, with up to 500,000 people heading into central London to try and catch the display.
This put enormous strain on transport, infrastructure and the ability of emergency services to move around.
A large proportion of them was unable to see the display at all, leaving them disappointed and with nowhere to go at midnight.
The sheer numbers threatened the emergency services ability to respond to a major incident effectively and left many thousands of people cold, tired and unable to get anywhere near the event.
Since ticketing was introduced in 2014, the numbers who attempted to see the fireworks but were unable to do so have reduced.
The Mayor of London, Sadiq Khan, said: “There is no better way to welcome in the New Year than by watching our extraordinary firework display on the banks of the River Thames.
“The eyes of the world will be watching as our skyline is again illuminated by a spectacular celebration of fireworks that shows everyone how London is open to all.”
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