London 2012
Steve Elsom, Area Director for Lloyds TSB Commercial in East Anglia
At Lloyds TSB Commercial, we believe the London 2012 Olympic Games and Paralympic Games will have a hugely positive impact on Britain. It will touch every person in the country and, with branches on practically every high street, we are uniquely placed to bring the benefits of the Games to communities the length and breadth of the country beyond London.
The torch relay route will be announced next month and it will travel within one hour's drive of 95% of the households in the country which means that there is a very good chance that it will be coming somewhere near to us all! This is another great opportunity to really bring the Games to life.
As part of Lloyds Banking Group, Lloyds TSB Commercial is doing everything it can to help its customers make the most of the opportunities the Games represent.
Last year Lloyds Banking Group pledged to make available at least £1 billion of loans over the next two years to eligible firms across the UK, as part of our drive to help businesses benefit from the Games.
To help firms we've created an official Business Guide to London 2012, which is free to download at www.lloydstsb.com/london2012business.
The best advice is for businesses to act now if they haven't already. Start thinking about how you can get involved by considering the wider implications of London 2012 and what opportunities will be available for your products and services.
Companies wishing to tender should visit www.london2012.com/business to access ‘CompeteFor', the official business portal for Games-related contracts. It acts as a brokerage service between buyers throughout the supply chain and potential suppliers.
While most of the larger, direct London 2012 contracts have already been allocated, the official tendering website CompeteFor still has opportunities for SMEs to tap into a wider pool of contracts further down the supply chain.
There are almost 140,000 businesses currently registered on the London 2012 CompeteFor website, around three quarters of which are SMEs, while approximately 1,000 buyers use CompeteFor to advertise contracts.
The site features some great information including a list of top tips for suppliers. It's simple and easy to use and, for the sake of a small amount of time in your working day, registering could bring great rewards.
Just as athletes train, prepare and ensure they are fit and ready to compete, businesses need to do the same to be able to capitalise on every opportunity London 2012 will present.
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