Decision details

With reference to Article 5 of the minute of meeting of the Finance and Resources Committee of 6 November 2025, the Committee had before it a report by the Chief Officer - City Development and Regeneration which provided an update on funding and sought a decision on whether the Council should underwrite the funding required to help secure the WRC event, with increased benefits and visibility for Aberdeen.

The report recommended:-

that the Committee -

(a)           note Appendix 1, and the anticipated increased benefits to the city, including increased event visibility, visitor footfall, and global profiling opportunities;

(b)           approve the expenditure by Aberdeen City Council of up to £850,000 per year (for 3 years) to secure the WRC event, with Aberdeen City to benefit from additional event elements; and

(c)           agree any expenditure approved under recommendation (b) above may be recovered against the Aberdeen Visitor Levy once the scheme was in place and operational.

The Committee resolved:-

(i)             to note with disappointment the update with regard to funding contained within paragraph 3.5 of the report;

(ii)           to approve the recommendations contained within the report; and

(iii)          to agree that the outcome of the bid be reported to the Finance and Resources Committee as soon as it was known.