The 2012 Olympics and Paralympic Games of London, which is expected to end up being worth over £9 billion to the UK, presents a great opportunity for growth to almost every type of business ranging from construction to media and entertainment. Many businesses stand to benefit greatly if they make use of the opportunities presented by the 2012 Games.
Recently Lloyds Banking Group stated that there are a significant number of contracts available for small and large companies that there were many more opportunities down the supply chain, created by the 2012 games. There is a great market for all types of companies in the UK in the area of human resources, sports equipment, retail, artistic performance and merchandising to garner one of these contracts. In fact, it is believed that most UK based companies will not be left out and all commercial enterprises will feel the positive effects of the 2012 Games.
This is precisely because the success of the London 2012 Olympic and Paralympic Games depends on the supply of products, services and specialized knowledge of almost every business enterprise in the UK, owing to which the Olympic Delivery Authority (ODA) will be signing a number of contracts with not only large, but also small and medium-sized enterprises. Businesses simply have to grab these opportunities for economic growth.
Interested companies can check out available opportunities on the CompeteFor website, which is London 2012's chosen website to publish contracts related to the 2012 Games. Any business, which expresses interest in the opportunities listed, will be directed to the eTendering service of London 2012. Interested companies can also download the latest details regarding shortlisted companies and awarded contracts at the official website of London 2012 (london2012.com). Additionally, they can also get hold of a database of future opportunities.
For many very small business owners, the benefits of the Olympics might not be by bidding directly for contracts which become available but in offering ancillary services such as holiday and vacation accommodation, extra transportation services and food and beverage provision. With sailing events in Weymouth for example, this should generate some very positive interest and opportunities for local businesses in Weymouth, whilst hotels across London and other sporting locations should stand to benefit greatly.
Catherine works in the Exhibitions and deals with Exhibition Stands and Exhibition tips.
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