UK Tour Series bike race brought 拢300,000 to Aberystwyth

Image source, SweetSpot

Hosting a stage of a team cycling race brought 拢300,000 to a Ceredigion town, according to a report.

Aberystwyth held a stage of the to launch the AberCycleFest in May.

A Ceredigion council report said 5,000 visitors spent 拢299,555 on food and drink, travel, shopping, merchandise and accommodation.

On Tuesday, the council's cabinet will meet to discuss whether it will spend 拢66,000 to host the 2017 event.

The authority hopes the 拢60,000 cost can be mitigated by getting cash from businesses and other public bodies. In 2016, it raised 拢25,000 towards this cost.

An additional 拢6,000 will be spent to cover road closures and equipment hire.