Glasgow is already benefiting from hosting the 2014 Commonwealth Games, according to a new progress report that has gone before the local authority.

Local firms have secured nearly half of Games contracts worth £158m that have been made available through the Commonwealth Business Portal. Elsewhere, 900 Commonwealth Apprenticeships were created for school leavers in 2009 and the Commonwealth Games Jobs Fund will support 1,000 jobs by July 2012.

The study - put before Glasgow City Council's (GCC) executive committee on 20 January - also set out actions needed between now and March 2012 to continue fulfilling legacy aims. Archie Graham, GCC executive member for the Commonwealth Games, said: "The city council's legacy plan aims to involve as many people, businesses and organisations as we can to ensure the greatest possible benefit can be achieved."

Glasgow 2014 chief executive John Scott added: "The hard work that the council has put into planning a lasting legacy from the Glasgow 2014 Commonwealth Games is already paying dividends." However, urban regeneration company Clyde Gateway has raised concerns that funding cuts could threaten the legacy proposals.

Clyde Gateway's Jim Clark told the BBC: "While the Commonwealth Games and main venues are not in any danger, the legacy from the games is, with many of the regeneration goals in Glasgow's east end under real threat."