Olympics to boost London economy

People looking for permanent jobs in London could be set to benefit from economic growth stimulated by the Olympic Games.

The British capital is set to host the sporting event in 2012 and Olympics minister Tessa Jowell believes the whole country will benefit
                         as a result.

Speaking at this week's Labour Party conference in Brighton, she said the Olympics have led to the regeneration of many deprived areas taking place at a faster rate.

This, she stated, has in turn led to the creation of a major new international centre for industries that will drive the UK's economic recovery.

"By investing in the UK's future the Olympics will deliver a massive boost to our economy," Ms Jowell commented.

"These are not just London's Games - they belong to the whole of Britain."

Ms Jowell added that the sporting event will lead to the creation of more permanent jobs in London and transform the lives of many young people.

This comes after she revealed that large and small businesses across the UK are securing supply chain contracts with the Olympic Delivery Authority.

Updated: 30 September 2009.
Categories: market-and-industry-news, procurement.