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Olympic Games 2012: Relocation of Businesses

Volume 689: debated on Tuesday 20 February 2007

asked Her Majesty's Government:

Why they do not consider the expenses of relocating businesses to vacate the Olympic Park as part of the core costs of the Olympic Games; and for what purpose the businesses are being relocated. [HL1722]

Businesses in the Lower Lea Valley are currently being relocated to make way for the construction of the Olympic Park in preparation for the Olympic Games and Paralympic Games in 2012.

The Games will act as a catalyst for, and bring forward, the large-scale regeneration of the Lower Lea Valley, which was identified in the Mayor's London Plan of February 2004 as an opportunity area requiring public sector intervention to ensure sustainable economic and social regeneration. More recently, the Mayor has set out his strategic planning vision for the area in the Lower Lea Valley Opportunity Area Planning Framework, which was agreed in January 2007.

For these reasons, these costs are not included in the core costs of the Olympic Games.