IT is set to attract the cream of the sporting world and a star-studded guest list that includes Sir Chris Hoy and Nicola Benedetti.

The BBC Sports Personality of the Year 2014 will take place in Glasgow tomorrow evening and preparations are already well under way at the SSE Hydro to welcome the 12,000 people who will watch the glitzy ceremony live from inside. Afterwards a clutch of VIP guests will be treated to a party in the adjacent SECC.

Last year's show saw 6.1 million viewers tune in to watch Andy Murray crowned BBC Sports Personality of the Year, with more than 700,000 people voting across the UK. The public will again be able to vote during this year's show.

The 10 names vying for top honours include Formula One driver Lewis Hamilton, golfer Rory McIlroy and runner Jo Pavey.

Completing the list are footballer Gareth Bale, dressage rider Charlotte Dujardin, boxer Carl Froch, swimmer Adam Peaty, gymnast Max Whitlock, skeleton racer Lizzy Yarnold and skiing duo Kelly Gallagher and Charlotte Evans.

The evening's proceedings, which will be shown live on BBC One, will be presented by Gary Lineker, Gabby Logan and Clare Balding. It marks the 61st year of "SPOTY" and the first time that a Scottish venue has hosted the event.

Six-time Olympic champion Sir Chris Hoy will be the recipient of this year's BBC Sports Personality Lifetime Achievement Award. Sir Chris, who announced his retirement from competitive cycling in 2013, is Britain's most successful Olympian and an 11-time world champion.

Two Scots have been recognised for BBC Young Sports Personality of the Year with Shetland swimmer Erraid Davies and Blairgowrie golfer Bradley Neil named on the 10-strong list.

Davies, 13, who became Team Scotland's youngest ever Commonwealth competitor at Glasgow 2014 this summer, was nominated for her heroic efforts in the pool which saw her take bronze in the SB9 100m breaststroke and melt the hearts of the nation with her cherubic smile.

Neil, 18, won the British Amateur Championship at Royal Portrush in June. His achievement gains him entry to the Masters in Augusta, Georgia, next April.

It was announced on BBC children's show Blue Peter on Thursday that Neil had made the top three alongside gymnast Claudia Fragapane and para-cyclist Sophie Thornhill. The winner will be revealed tomorrow.

The event is expected to attract stars from this year's Commonwealth Games, Winter Olympics and Ryder Cup, and across a range of sports including Formula One, athletics, boxing, gymnastics and swimming.

Some 500 volunteers from the Commonwealth Games, Ryder Cup and Glasgow Host City have been invited to attend and will be welcomed on the red carpet by comedian and actor Eddie Izzard, who will also be presenting the BBC Get Inspired Unsung Hero Award.

Janice and George Graham, who run a sports club for judo and indoor bowls in Edinburgh's Sighthill area, have been named as the unsung hero winners for Scotland. They will now go head-to-head with 14 other nominees from around the UK for the overall title tomorrow.

Six other awards will be presented on the night including team, coach and overseas sports personality of the year.

While figures are not yet available on the projected economic benefits of the bash being held in Glasgow, it rounds off a packed calendar of lucrative events hosted by Scotland in 2014 which included the Commonwealth Games, Ryder Cup and MTV Europe Music Awards (EMA).

According to the Games Impact Study published last month, the Commonwealth Games brought in more than £280m in tourism revenue.

The Ryder Cup at Gleneagles is estimated to have generated close to £100m for the Scottish economy in the event week alone, with MTV EMA coming in around the £10m mark.

Next year will see more major sporting events hosted on Scottish soil, including world and European championships, as well as the return of The Open Championship and Women's British Open.

The 2015 World Gymnastics Championships will be at the SSE Hydro, Glasgow, in October and The Turner Prize held in the city at the Tramway next December.

Paul Bush, chief operating officer for EventScotland, said: "BBC Sports Personality of the Year is a fitting end to an incredible 12 months with four of the final shortlisted athletes performing with distinction in Glasgow or at Gleneagles."

Councillor Gordon Matheson, leader of Glasgow City Council and chair of Glasgow City Marketing Bureau, said: "This has been the most exciting and high-profile year in Glasgow's history, as we always knew it would be."