SME Business News

Small businesses are getting the lions share of work from the London 2012 Olympics contracts, organisers have claimed.

Of 82% of businesses where employee numbers are known 71% are considered to be SMEs. Around 650 companies have benefited from the project so far worth a total of £2bn.  Almost half of the firms winning business are based outside of London.

The website CompeteFor that publishes details of available contracts, is attracting around 500 registrations a week, 75% from companies employing fifty people or less, with two thirds from outside of the capital.