The government has pledged to ensure that small firms get a look in as businesses begin to compete for contracts arising from the London 2012 Olympic Games.
Speaking today, business minister Stephen Timms said he would help businesses make the most of opportunities created by the London 2012 Olympic and Paralympic Games.
Timms’ pledge follows the launch of a government website earlier this month which also seeks to increase small businesses’ involvement in the events.
Dubbed a business ‘dating agency’, the London 2012 Business Network will match companies to thousands of opportunities to supply London 2012 contractors.
Timms commented: “There are currently a record number of small firms in the UK, and I want to ensure that as many as possible have the chance to use the Games as a catalyst to grow their businesses, to bid for wider government contracts, and to compete to supply markets around the world.”
“This is a great chance to create jobs, and to encourage more people to get out there and set up their own enterprises, increasing the diversity of British business.”
The government has said that the UK economy is set to benefit to the tune of £6bn as a result of the Games, and that of the £1bn worth of contracts already awarded, 98% of these have gone to UK firms.
Olympic Delivery Authority (ODS) chairman John Armitt, added: “The ODA has already let contracts worth over £1bn and most of these have been won by small and medium sized companies.
“The vast majority of business opportunities remain to be let and we want to help businesses make the most of these.”
© Crimson Business Ltd. 2008
