Government hosts Olympic Sponsors Summit
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Issued on 02nd November 2010 - BIS
Today Business Minister Mark Prisk hosted the first Olympic
sponsors business event to highlight the support on offer from both
Government and the private sector to businesses in the run up to 2012.
The Olympic Sponsors’ Summit highlighted the Olympic contracts that are
still up for grabs and also business support packages that 2012 Olympic
and Paralympic Games sponsors BT, Lloyds TSB and Deloitte are offering.
Speaking at the Department for Business representatives from
Lloyds TSB, Deloitte and BT raised the challenges and opportunities the
Games present to businesses in the UK. They discussed how to tackle
issues such as protecting against the expected increase in attacks on
business IT networks, how to cope with business continuity issues
during periods of high demand and maintaining excellent service to
customers during the Games.
These private sector initiatives join the support already
available from government, including the Competefor.com website,
linking registered companies with Olympic contracts.
UK Trade and Investment can also help those companies that
have secured contracts at the games. Through the UKTI Host2Host
programme, companies can access the supply opportunities of other major
global events maximising their 2012 credentials as part of the legacy
of the Games. Beyond 2012 there are contracts at Sochi and Rio Games
worth up to $60 billion.
Business Minister Mark Prisk said:
“The London Games are generating billions of pounds worth of
contracts throughout the supply chain, securing new business for firms
and powering their growth for the long term. This is an opportunity
that no company can afford to miss out on.
“I am delighted that these three sponsors of the Games are
joining with government to support businesses as they prepare for 2012.
There is a lot that businesses can learn from one another and I hope
today’s event is just the first of many, where the companies of all
sizes can come together to share their wealth of knowledge and
expertise that exists in the business community.”
LOCOG Procurement Director Gerry Walsh also spoke at the
event. He emphasized that there are still huge opportunities for
companies that have not yet secured an Olympic contract, with
significant LOCOG contracts still to be awarded and the prospect to
work on the torch relay.
LOCOG head of procurement Gerry Walsh said:
“There are many contract opportunities still to be won – and
these contracts will be awarded to companies of all sizes, from
multi-nationals to SME’s. Our priority when awarding contracts is value
for money – and total commitment to London 2012.”
The Olympic Sponsor Summit took place today, Tuesday 2nd
November 2010 at the BIS Conference Centre in Westminster. It was
attended by nearly 200 delegates from SMEs throughout the UK.
1. Speakers at this event included Mark Prisk, Business
Minister, Gerry Walsh, Head of Procurement, LOCOG, Jon Lane, Business
Development and Partnership Director, BT London 2012, Chris Daniels,
Head of London 2012 Activation, Lloyds Banking Group, Wholesale and
Heather Hancock, Lead partner for London 2012, Deloitte.
2. Companies interested in applying for 2012 Olympic and
Paralympic Games contracts can sign up to the CompeteFor web portal at
3. The Olympic Games are creating opportunities which are
spread more across the regions, and through those sectors where the UK
is strong and can add real value. 50% of all the existing Olympic
contracts have been won by companies outside London.
4. Early analysis of the CompeteFor data base shows that
companies registering on CompeteFor for Games opportunities are looking
to grow. Indeed 40% of companies registered on CompeteFor say they have
invested in their company as a result of that registration.
5. The draw of the Games is such that over 10% of this
Country’s high growth companies are registered on CompeteFor.
6. UKTI’s Host 2 Host programme maximises the economic
benefits of hosting the London 2012 Olympic and Paralympics Games, by
creating links and sharing best practice with previous and future host
cities of Olympic Games and other major sporting events.
7. This programme capitalises on the UK’s shared status as a
host nation to develop further trading links and investment
8. Agreements have been signed with British Columbia (2010
Winter Olympic and Paralympics Games), Sochi in Russia (2014 Olympic
and Paralympics Games), South Africa (2010 Football World Cup),
Singapore (2010 Olympic Youth Games), Brazil (2016 Olympic and
9. Further help and support from UKTI for Companies wanting to
explore export opportunities.
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Article Published/Sorted/Amended on Scopulus 2010-11-04 16:05:12 in Goverment Articles