Combining an acid activated precatalyst with a photoacid generator (PAG) in the presence of ultraviolet light resulted in a highly efficient catalyst for olefin metathesis. The tandem system of precatalyst and PAG was capable of both ring closing metathesis (RCM) and ring opening metathesis polymerization (ROMP) in good to excellent conversion. Mechanistic investigations revealed that the catalytically active species is very similar to that of other well-known Ru-based catalysts.