Olympics Boost to East Midlands' Economy

The last fortnight has seen an outstanding performance by Team GB and celebration of their success across the country. However, these Games could not have happened without the hard work of suppliers across the country and new figures show that The Olympics have delivered nearly £7 billion of contracts across the UK.

The figures show that forty-four suppliers in the East Midlands have benefited from contracts worth £275million, boosting the economy, jobs and growth in the area.

Giles McNeill, Conservative By-Election Candidate for the Nettleham Ward, said:

“Not only have the Olympics shown the best of Britain, the Games have delivered £275million of contracts to the East Midlands’ economy.

“It is fantastic news that forty-four suppliers from across the region have contributed to making the Olympics the huge success they have been.

“Now we need to continue to work hard to make sure this Olympics legacy boosts the economy, tourism and participation in sports in the years ahead.”

Work on the iconic Olympic Stadium has brought huge benefits to firms in Lincolnshire. Tarmac PreCast Concrete Ltd. of Stamford has provided precast concrete for the terracing. Sidebbottom Richardson Cheng Ltd. of Spalding took on six new members of staff to help with stadium engeneering design work. Meanwhile William Hare Painting of Grantham were contracted to paint the 6,000 tonnes of steelwork at the stadium. Smith Construction (Heckington) Ltd. won the contract to build the £1.6m athletes' drop-off point and warm-up track, connected to the main stadium.