London 2012 Olympics £11 billion target met

One of Britain's leading lights from London 2012, Tom Daley, won a bronze medal.
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.

Read: More news on the London 2012 Olympic and Paralympic Games

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London 2012 Olympics goal met

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.