SHARING THE BENEFITS OF THE OLYMPICS

That this House warmly welcomes the London 2012 Olympic and Paralympic Games; believes that the financial benefits of the Games should be shared across the whole of the UK; is concerned that a disproportionately low number of private contracts have been awarded by the Olympic Development Agency to companies based outside London and the South East; notes that over £2 billion out of the £6 billion worth of private contracts have already been awarded; recommends that all businesses look at the 2012 website for potential opportunities; and urges the bodies responsible for awarding Olympic contracts to do everything possible to ensure a more equitable sharing across all the nations and regions of the UK.