To date three businesses or organisations registered in Wales have supplied goods and services to the Olympic Delivery Authority (ODA). These are John Evans Photography; Strategy and Solution Limited; and the Office for National Statistics. These contracts were awarded for photography, management consulting services and data processing and preparation. Due to commercial sensitivities I cannot make public the value of each of these contracts, but I can tell you that spend to date with them is £5,053.
In January, the Olympic Family launched the London 2012 Business Network, helping businesses across the country to access and compete for 2012 related contracts. Over 200 Welsh companies have registered for the CompeteFor service, and businesses in every constituency should be encouraged to sign up and get support. The ODA will be visiting Cardiff in May 2008 to speak to Welsh businesses about the opportunities generated by the Games.
The Olympic Delivery Authority will directly procure over 2,000 contracts; these are expected to generate 50,000 supply chain opportunities. At this early stage, 600 contracts have been awarded. The percentage shares are as follows:
Percentage share England 97 Scotland 1 Wales 1 Northern Ireland 1
The London 2012 website provides information about contracts awarded by sector. The value of these contracts is in excess of £1 billion.
In January, the Olympic Family launched the London 2012 Business Network, helping businesses across the country to access and compete for 2012 related contracts. Businesses in every constituency should be encouraged to sign up and get support. To this end ODA have a programme of business engagement covering all of the UK's nations and regions. Events took place in Northern Ireland in November, in Scotland in February, and will take place in Wales in May.
In addition to these direct opportunities flowing from London 2012 procurement, there are of course wider opportunities for the nations and regions to benefit economically from the Games. These include a potential £2.1 billion boost to the UK's tourism industry and volunteering opportunities which can help drive up skills levels and improve employability. Over 600 top class sporting facilities from across the UK will appear in the London 2012 Pre-Games Training Camps Guide to be launched this summer, with 31 in Wales alone. These have the potential to attract top athletes from around the world bringing a range of sporting and business opportunities, including inward investment. In addition, UK Trade and Investment are developing programmes to use the Games as a springboard for export.