03/11/2009

Questions Raised Over Olympic Contracts

There are worries this week over why Scottish, Welsh and Norhern Ireland firms have not benefited more from London Olympic contracts.

A parliamentary question has revealed that just 17 Scottish firms had received Olympic Delivery Authority (ODA) contracts – in contrast to 1,022 English firms.

Wales received four contracts and Northern Ireland three, while as many contracts went overseas as came to Scotland.

Scottish National Party (SNP) spokesperson on the Olympics, Pete Wishart MP, said the figures raised serious questions over whether contracts had been marketed fairly across the UK to deliver benefits for all.

Mr Wishart said: "It seems clear from these disappointing figures that Scottish companies are an afterthought when lucrative Olympic contracts are being awarded. The imbalance in where these contracts are going raises real questions on whether they are being marketed fairly across the UK to deliver benefits for all.

"It is a double whammy for Scotland because we are already missing out on any consequentials from the massive spending regenerating London's East End for the Olympics whilst Downing Street deny the same funding to the Scottish Government for Glasgow which will host the Commonwealth Games.

The Scottish Government are funding 80% of the Games’ costs, with Glasgow Council funding 20%.

"Spending by the UK Government on regeneration around the London Olympics should generate £165m - £33m per annum over the five years to 2012-13 - for Scotland under the Barnett formula. The expenditure is on areas such as regeneration and there is a strong case argued by all three devolved administrations that this spending should rightly be subject to the Barnett formula in the normal way."

(CD/BMcC)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

07 October 2010
Olympic Effort By O'Keefe In London
The Irish Minister for Enterprise Batt O'Keeffe is in London this week to discuss opportunities for Irish firms to secure contracts for the 2012 London Olympic Games. Mr O'Keeffe will visit the Olympic site and hold talks with officials charged with the delivery of the games.
29 May 2014
New Guidance To Help Tourism Accommodation
Invest Northern Ireland and the Northern Ireland Tourist Board have jointly developed new guidance to help people start up and run successful tourism accommodation businesses. The guidance, published on Invest NI's nibusinessinfo.co.
21 August 2013
Lisburn Firm Wins New Contracts Worth Over £100,000
Enterprise Minister Arlene Foster has congratulated Lisburn-based IT specialists, the Xperience Group, on recent export successes and growth through acquisitions. During a visit to the company the Minister heard how the Xperience Group has won new contracts worth over £100,000 within the construction industry in Glasgow and London.
01 August 2011
NI Looses Out To Republic In Olympic Race
The NI Enterprise Minister Arlene Foster is encouraging more companies to explore business opportunities offered by global sporting events - even though NI has been accused of 'dropping the ball' on the commercial Olympic race.
25 July 2011
'Master Builder of the Year' Award For NI
A Co Down building company has been named as the UK's top construction firm for 2011. FJ Charleton Building Contracts Ltd from Ballymartin has taken the accolade in the Master Builder of the Year Awards, run by the largest trade association in the UK building industry's Federation of Master Builders (FMB).