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Between now and 2012 it is estimated that £25 billion worth of tenders will become available as a result of the Games and related projects. This creates an opportunity to showcase technology and innovation in the region.
- There will be between 800,000 and 2 million contracts
- The vast majority of contracts will be awarded from mid-2007 onwards
- 80% of work for the infrastructure will be sourced outside London
- Businesses from all sectors including construction, manufacturing, catering, merchandise, retail, business and financial services, media and creative industries will be needed from across the UK
- The initial focus will be on construction linked contracts leading into operations linked contracts from 2008
Key Messages for Business
Potential Opportunities for Worcestershire
West Midlands Focus
Evidence (Business Case)
Latest Information
Websites
Key Messages for Business
- Identify your niche: no matter what your business is, you can bid for something, such is the range of opportunities.
- Register now on the London 2012 website so that you are directed to the new website once it is up and running.
- Prepare now – as soon as Beijing is over, suppliers with experience of those Games will be in direct competition.
- From a tender being posted on the Olympic site to submission of the Pre-Qualification Questionnaire could be as little as two to three weeks. Be prepared – make sure you have:
- Last three years audited accounts
- Quality certification
- Health and Safety Policy
- Organisation Structure Chart
- Equalities and Diversities Policies/Procedures
- Human Resources Policies/Procedures
- Environmental and Sustainability Policy
- References
- If selected (following submission of Pre-Qualification Questionnaire) then the company is invited to tender.
Potential Opportunities for Worcestershire
- Linking into the Supply Chain
- Link with Business Opportunities Network (web-based portal providing information that matches Company profile)
- Create a “How to..” tool kit and procurement business support package
- Create a 2012 helpline
- Undertake a programme of workshops
- Collaboration (consortiums)
- Other businesses in Worcestershire; West Midlands; UK; international trade partners
- Identify businesses that have supplied previous Games
- Mentoring
- Large organisations mentoring small businesses, for example about understanding the requirements of procurers and tailoring the business to meet those requirements
- Sponsorship
- Local talented/elite athletes
- Voluntary sector
- Act as Worcestershire 2012 Olympic “Champions” and “Ambassadors”
- Ambassadors Scheme: engagement of local influencers and leading figures in the private sector who can market the county internationally with political, social, business and sporting influence
- Formation of a Business Club (e.g.: www.nwbusinessclub.com)
West Midlands Focus
- West Midlands Business Council continuing Business Support Programme, including tendering workshops and Meet the Buyer events (to dovetail with new regional Business Link business support programme and the ‘London 2012 Business Club’)
Evidence (Business Case)
- The Barcelona Games of 1992 added more the £9bn worth of benefits to the Spanish economy between 1986 and 1993 in new business and increased tourism.
- Sydney became the preferred choice for international business events with international visitor numbers swelling by 78%.
Latest Information
- The Olympic Delivery Authority (ODA) has just published a new ‘Supplier Guide’. The straightforward guide sets out how the ODA will buy and manage up to 2,000 direct contracts with businesses who will in turn manage up to 50,000 agreements across their own supply chains.
- Later in 2007 a service will be launched to help small and medium sized companies identify opportunities in these supply chains which are likely to come on stream in 2008.
Websites
Contact the Coordinator
Tourism – Business – Sport – Culture – Volunteers – Worcestershire 2012 Olympic Coordinator
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