’Eve of Olympics’ conference to provide £1bn boost to economy

A large business conference to be held on the eve of the London Olympics 2012 is to bring a £1bn boost to the economy, according to PM David Cameron.

The Prime Minister was speaking at a special Cabinet meeting, on 9 January in the newly-completed Olympic handball arena, which in future is expected to host large events, weddings and concerts.

A report in the London Evening Standard said 200 company chiefs and executives from Google to Goldman Sachs will convene at Lancaster House on the eve of the sporting event for their business conference.
Leading executives from GlaxoSmithKline, Vodafone, WPP, ARM and Autonomy have reportedly already been signed up to speak and bosses from Goldman Sachs, China International Capital Corporation, HTC, Iberdola, Korea Investment Corp, Nissan, Prudential, Standard Chartered, Airbus, DP World and Gamesa will also attend.
Cameron said: “This summer’s Olympics will put the eyes of the world on Britain as we host not just an unparalleled sporting spectacle, but also a chance for companies from across the globe to interact and do business here in the UK.
“We expect these events to generate at least £1bn for British businesses and they are vital to our efforts to secure a long-term return to sustainable growth.”
Yesterday, CN reported on how the Olympic Park Legacy Company has secured the future of six out of the eight permanent Olympic venues after appointing operators for the Aquatic Centre,Multi-Use Arena and ArcelorMittal Orbit.
Do you have a news story for CN? Email: vcarley@mashmedia.net

Paul Colston


Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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