Opportunities for businesses

2012 will be a year for business unusual.  Visa Europe has issued a report that forecasts consumer spending in the UK will increase by £750 million during the seven weeks of the Games*.

High street retailers, the hotel sector, entertainment, food and drinks industries, supermarkets, airlines, car hire and other travel sectors will see the most significant increases in expenditure according to the report, with an overall increase in UK residents' incomes of £229 million.

This clearly presents a huge opportunity for businesses all over London, small and large, and across a wide variety of sectors. Over £270 million worth of contracts have already been awarded through Compete For, a free service that enables businesses to compete for contract opportunities linked to the Games.

There are two key things that businesses can do to get ready to take advantage of the opportunities that the Games bring for London businesses:

1. Compete for Games-related contracts - find out how at: Compete For
2. Plan for success - advice and on how to ensure your business runs smoothly at Games time: Transport advice for businesses 

 * 'A Golden Opportunity: London 2012 Olympic and Paralympic Games Expenditure and Economic Impact', Visa Europe.