UK trade boost from Olympics

The London Olympic and Paralympic Games gave the UK economy a £9.9 billion trade and investment boost, according to a new report. The boost came from businesses securing contract wins, additional sales and new foreign investment in the last year.

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Olympics trade boost 'didn't happen' outside London

A small business leader has questioned whether the Olympic effect was felt outside London, saying many regional businesses put in work for contracts that "didn't materialise".

The national policy chairman of the Federation of Small Businesses, Mike Cherry, told the BBC:

Out in the regions, we found that the effect of the Olympics and Paralympics, and the contracts we were expecting, really didn't materialise as much as I suspect many people were hoping for.

A lot of work went into it at the very beginning, when it was all announced. But although some businesses certainly got some really good contracts, for the vast majority it just didn't happen.

– Mike Cherry

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