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'Countries are following Britain's lead' after Games

Mo Farah celebrates one of two gold medals in London last summer. Credit: Martin Rickett/PA Wire/Press Association Images

The successful staging of the London 2012 Olympics has led to other countries turning to Britain to help deliver their own events, according to a government official.

Reacting to news that the UK had met its four-year target of raising £11 billion worth of economic benefit from the Games in 12 months, Trade and Investment Minister Lord Green said:

"The delivery of London 2012 on time and on budget led to hosting nations turning to the UK to help deliver their own events with supply opportunities running into the billions.

"UK Trade & Investment has played a key role in helping British companies maximise these opportunities and the result is a £11.06 billion boost to the UK economy from the Games, reaching our four-year target in just over a year."

London 2012 Olympics £11 billion target met

One of Britain's leading lights from London 2012, Tom Daley, won a bronze medal. Credit: Adrian Dennis/PA Archive/Press Association Images

A four-year target of raising £11 billion worth of economic benefit from the London Olympics has been met in 12 months, the Government has announced.

The country has benefited from new foreign investment, additional sales and firms winning contracts since last summer's events, according to a report.

The total includes £130 million of contracts won by UK companies for next year's soccer World Cup in Brazil, and the next Olympic Games, in Rio in 2016.