Olympic Delivery Authority

London 2012 Olympics

Two-thirds of Olympic contracts go to SMEs

More than two–thirds of Olympic contracts have been awarded to small firms, according to the Olympic Delivery Authority (ODA). Of the 801 businesses that have already won more than £3.5 billion of work supplying the ODA, more than 68% are small and medium–sized and 98% are UK based. The ODA also revealed that small businesses make up nearly 92% of the 42,500 companies registered on CompeteFor, the ‘dating agency’ website which aims to match businesses with London 2012 supply chain opportunities. The figures appear to overturn concerns raised by business groups that small and medium–sized enterprises (SMEs) are being overlooked for Olympic contract opportunities in favour of large suppliers. Earlier this year, research from the Confederation of British In... »

CBI urges Olympic Organisers to Involve SMEs

The 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 Ri... »