Wales’s local economy is set to receive an estimated £316 million when the Millennium Stadium hosts games at next year’s Rugby World Cup, it was announced yesterday

According to an economic impact study released yesterday, Cardiff will benefit greatly from hosting eight games including two of Wales’s pool matches.

Welsh Rugby Union Group chief executive Roger Lewis welcomed the report saying: “Eight games of world-class Rugby is a massive coup for Wales and today’s announcement of a potential £316m financial benefit for the local economy throughout the tournament proves what an incredible coup it is for us to be involved.”

“Everyone knows how major sporting events have colossal impact on our cities and communities and a Rugby World Cup is one of the biggest tournaments on the sporting calendar.

According to the study, the 2015 Rugby World Cup will atrract more international visitors than any previous Rugby World Cup with an estimated 466,000 visitors spending nearly £900m on things such as travel and accommodation.

Chief executive of England Rugby 2015 Debbie Jevans said: “Rugby World Cup 2015 is set to create a wide range of economic opportunities across many different sectors. 

“Whether through investment in infrastructure, supporting jobs or generating revenue in Fanzones, the economic benefits will be shared around our 11 host cities and beyond. 

“With Rugby World Cup 2015 expected to attract more visitors than any previous Rugby World Cup, the tournament is on track to deliver a strong economic legacy.”