Olympics Bring Golden Opportunities for UK Businesses
Huge opportunities exist for UK businesses to win London 2012 contracts
With two years to go until the Games begin, the London 2012 Organising Committee (LOCOG) is securing contracts with businesses not just in London, but right across the UK. These range from catering and personnel requirements right through to sporting equipment and temporary buildings.
Huge opportunities for small UK businesses exist in the wider supply chain, in a great variety of sectors such as technology, logistics, hospitality and security. These opportunities are emerging now, as firms with larger contracts already secured look to bring in other firms to help deliver their projects.
One of the larger contracts secured most recently is for the manufacture and production of the official London 2012 Olympics mascot. This lucrative and high-profile deal went to Shropshire-based Golden Bear Toys, who have since signed a multimillion pound finance deal with Lloyds TSB Corporate Markets to help fund fulfilment of its orders.
“We’re delighted to be supporting such a well established and treasured Shropshire business as Golden Bear Toys,” commented Chris Pennick, Relationship Director for Lloyds Banking Group in the West Midlands, according to TheBusinessDesk.
He added: “Their appointment to the supplier roster proves that there are plenty of opportunities for businesses outside of London to be a part of the 2012 Games. Lloyds Banking Group has pledged to make ┬ú1 billion available to help businesses benefit from these opportunities and weΓÇÖre very pleased to be putting some of this funding to good use for Golden Bear.”
As a 2012 sponsor, Lloyds TSB is well-equipped to provide the support needed for businesses providing goods or services for the Games, and they have created a tailor-made finance package to help Golden Bear achieve their production goals.
Pennick is now urging other business owners to bid for contracts while the opportunity remains.
“As Golden Bear’s news shows, firms in all sorts of sectors, right across the country, could be winners if they explore the opportunities available to them courtesy of the London 2012 Olympic and Paralympic Games.
“Businesses should be deciding now how they will turn these opportunities into sustainable business growth ideas and create demand for their products and services.”