Speaking to around 200 representatives from Small and Medium Enterprises (SMEs) at the Olympic Sponsor Summit in Westminster, Prisk said: "The London Games are generating billions of pounds worth of contracts throughout the supply chain, securing new business for firms and powering their growth for the long term."

Representatives from Lloyds TSB, Deloitte and BT raised the challenges and opportunities the Games present to businesses in the UK.

They discussed how to tackle issues such as protecting against the expected increase in attacks on business IT networks, how to cope with business continuity issues during periods of high demand and maintaining excellent service to customers during the Games.

London 2012 procurement director Gerry Walsh emphasised that there are still huge opportunities for companies, with significant contracts still to be awarded and the prospect to work on the torch relay.

He added: "There are many contract opportunities still to be won and these contracts will be awarded to companies of all sizes, from multi-nationals to SMEs.

"Our priority when awarding contracts is value for money and total commitment to London 2012."


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