Small firms fear Olympic legacy will fail to benefit businesses

Gordon Millward
Gordon Millward
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Fears are growing among small firms in the north that they will fail to benefit from the legacy of the London Olympics.

According to the Federation of Small Businesses, six out of 10 small firms don’t believe the Games will have a positive impact in the long term, despite Prime Minister David Cameron’s assertion that they are on track to create a lasting legacy.

Sheffield businessman and Federation of Small Businesses’ regional chairman, Gordon Millward said: “It is worrying that 200 days before the Olympic and Paralympic Games are set to begin, small businesses think it will not benefit their business. This is even more worrying considering the London 2012 Games was sold on the basis of its legacy, and so far we’ve seen precious little benefit coming to firms in the north. We all know times are tough, but 2012 is a year of big events that small firms should be able to benefit from.

“The Government and Olympic Authorities must help show small businesses how they can reap the rewards from one of the biggest sporting and tourism events the country has seen for years.”

Only seven per cent of small businesses believe the Games will benefit their business overall, and a quarter expect the Games will have a negative impact on their business.