Olympian small businesses promised £1bn in support


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	News 19-Feb-10 Olympian small businesses promised £1bn in support £1bn worth of loans to help small and medium sized businesses fund projects associated with the 2012 Olympic and Paralympic Games. Lloyds Banking Group has earmarked £1bn worth of loans to help small and medium sized businesses fund projects associated with the 2012 Olympic and Paralympic Games. The total value of contracts connected to the Olympics is an estimated £6bn, and while many large contracts have already been awarded, small direct and supplier contracts have yet to be decided. The funding from Lloyds, which will be distributed under the terms of its existing ‘SME charter’, is available to firms that win direct contracts for the Games, which will be held in London, and suppliers to these businesses. Lloyds said it will run 500 seminars across the country to explain the opportunities the Olympics could represent to small business owners. Provided by growingbusiness.co.uk Back to News