CBI urges Olympic Organisers to Involve SMEs

2012 Olympics LogoThe Confederation of British Industry (CBI) has urged the Olympic Delivery Authority (ODA) to get more small firms involved in the 2012 London Olympic Games by raising awareness about contract opportunities.

Research from the CBI revealed that 60 per cent of London firms with less than 100 employees do not expect the Olympics to directly benefit their business, and only 24 per cent believe the Games will help their firm in any way.

The CBI said the Games are a once in a lifetime opportunity for UK businesses, and small firms from all sectors need to be made aware of the opportunities available.

“The Olympic organisers should build on their efforts to ensure the opportunities are relayed clearly to all businesses, regardless of their size or sector,”

said CBI director-general Richard Lambert.

Contracts currently listed on the London 2012 Business Network CompeteFor website; launched by the ODA in January as a free online ‘dating service’ to match businesses with suitable contracts – includes work related to security systems, utilities, telecommunications, personnel screening, transport and highways.

“Even if they don’t get direct contracts, firms will benefit from the ripple effect of the Games,”

said CBI assistant director Lucy Haynes.

“There will be an impact on hotels and retailers because more people will be in London during the Games, but it will also raise London’s reputation.”

Responding to criticism that the Government is not doing enough to get small firms involved in the Olympics, olympic minister Tessa Jowell said:

“The fact that 70 per cent of the 650 companies that have already won work supplying the Games are small–and medium–sized firms demonstrates the potential for the business benefits of London 2012 to provide a boost to the whole economy.”

“Since January this year, companies have been signing up for CompeteFor at a rate of 500 per week, a clear illustration of the value of the system and the determination of British business to grasp the economic opportunities the Games offer.”

To register interest in securing contracts for the 2012 Olympics, visit the CompeteFor website .

For more information on how small firms across the UK can get involved in the Olympics visit the London 2012 website.

CBI urges Olympic Organisers to Involve SMEs

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