Olympics
THE 2012 Olympics should leave a business legacy on Teesside, the woman leading Lloyds TSB's mission to encourage firms to compete for contracts said.
Miriam Staley, senior manager for Lloyds TSB Corporate Markets' partnership with London 2012, said of the 98% of UK-based firms who had been awarded contracts, 46% had gone to firms outside of London, and 68% had gone to SMEs.
From previous Games we know that if you win a contract your credibility goes through the roof," said Ms Staley, speaking after the first of two North East business events aimed at whetting firms' appetites for the Olympic challenge. The second takes place as part of the bank's corporate briefing at The Sage in Gateshead on December 9.
Lloyds TSB has projected a £21bn uplift to the UK economy between now and the flame's arrival in Docklands, with just £8.6bn benefiting London and the South-east. According to development agency One North East, local firms could benefit from £4bn of Olympic contracts.
So far, 144 Teesside companies have registered an interest in supplying the London 2012 Games through the government's CompeteFor tender-matching site, out of 750 firms region wide. "London 2012 is the golden nugget - it's happening and I can't think of anything else that's going to create 75,000 supply opportunities," she added.
"We talk about a youth legacy and an infrastructure legacy. We want to see a business legacy."
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Suppliers and Contractors
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