Wales 2026 Commonwealth Games Feasibility Contents SUMMARY OF FEASIBILITY STUDY .................................................................................................................... I OVER-VIEW ...............................................................................................................................................................I ANALYSIS OF OPTIONS ............................................................................................................................................ II FUNDING REQUIREMENTS ..................................................................................................................................... VIII POTENTIAL LOCAL AND UK GOVERNMENT FUNDING, INCOME AND VALUE IN KIND ............................................... VIII ECONOMIC RATES OF RETURN ................................................................................................................................ X POTENTIAL BENEFITS .............................................................................................................................................. X LEGAL POWERS AND LEGISLATION ........................................................................................................................ XII INTRODUCTION ...................................................................................................................................................... 1 STRATEGIC CASE .................................................................................................................................................. 1 KEY PARTNERS ...................................................................................................................................................... 1 KEY POLICIES SUPPORTED ..................................................................................................................................... 2 COMPARISON OF WELL-BEING GOALS AND STRATEGIC OBJECTIVES FOR WALES GAMES ...................................... 6 THE CASE FOR CHANGE ......................................................................................................................................... 8 LEGAL POWERS AND LEGISLATION ....................................................................................................................... 11 BENEFITS ............................................................................................................................................................. 12 RISKS, CONSTRAINTS AND DEPENDENCIES .......................................................................................................... 15 ECONOMIC CASE ................................................................................................................................................. 21 IDENTIFY CRITICAL SUCCESS FACTORS ................................................................................................................ 21 IDENTIFY AND ASSESS LONG LIST......................................................................................................................... 22 IDENTIFY SHORT LIST ........................................................................................................................................... 23 ASSESS SHORT LIST............................................................................................................................................. 31 CRITERIA ....................................................................................................................................................... 31 COST ............................................................................................................................................................. 31 ASSESSMENT OF GAMES OPTIONS AGAINST THE CRITICAL SUCCESS FACTORS ............................................ 32 ASSESSMENT OF THE GAMES OPTIONS AGAINST THE STRATEGIC OBJECTIVES ............................................. 39 ECONOMIC APPRAISAL OF COSTS AND BENEFITS .......................................................................................... 40 BENEFITS ............................................................................................................................................................. 42 BENEFIT-COST RATIO ANALYSIS RESULTS ........................................................................................................... 44 CONCLUSION ........................................................................................................................................................ 45 ii COMMERCIAL CASE ............................................................................................................................................ 47 For Bid Document .......................................................................................................................................... 47 For Games ..................................................................................................................................................... 47 ATHLETES’ VILLAGE .............................................................................................................................................. 48 VENUE USE AGREEMENTS .................................................................................................................................... 50 HOTEL ACCOMMODATION ..................................................................................................................................... 51 SPONSORSHIP RIGHTS ......................................................................................................................................... 52 BROADCASTING .................................................................................................................................................... 52 GAMES ORGANISING COMPANY AND STAFF APPOINTMENTS ................................................................................ 53 GAMES CATERING ................................................................................................................................................ 53 GAMES FAMILY AND ATHLETES’ TRANSPORT ........................................................................................................ 53 CULTURAL PROGRAMME ....................................................................................................................................... 53 LEGACY PROGRAMME AND REGENERATION INVESTMENT ..................................................................................... 54 SPORTING AND NON-SPORTING VENUE CONSTRUCTION ...................................................................................... 54 TRAINING APPRENTICESHIPS AND SOCIAL BENEFIT CLAUSES ............................................................................... 55 FINANCIAL CASE ................................................................................................................................................. 56 COSTS .................................................................................................................................................................. 56 INCOME AND VALUE-IN-KIND ................................................................................................................................. 61 FUNDING GAPS ..................................................................................................................................................... 63 CONTINGENCY BUDGET ........................................................................................................................................ 64 MANAGEMENT CASE .......................................................................................................................................... 66 GOVERNANCE ....................................................................................................................................................... 66 STAKEHOLDER ENGAGEMENT ............................................................................................................................... 68 MONITORING AND EVALUATION ............................................................................................................................. 69 OUTLINE ARRANGEMENTS FOR CHANGE AND CONTRACT MANAGEMENT .............................................................. 70 OUTLINE ARRANGEMENTS FOR BENEFITS REALISATION ....................................................................................... 70 OUTLINE ARRANGEMENTS FOR RISK MANAGEMENT ............................................................................................. 70 MONITORING PROGRAMME AND PROJECT MANAGEMENT ..................................................................................... 71 POST IMPLEMENTATION REVIEW ........................................................................................................................... 71 MANAGEMENT OF THE CONTINGENCY BUDGET ..................................................................................................... 71 ANNEX 1 ................................................................................................................................................................. 73 WINNABILITY ......................................................................................................................................................... 73 ANNEX 2 ................................................................................................................................................................