Small businesses 'should get Olympics boost'

Date: 23rd January 2008

An industry figure has expressed hope that the 2012 Olympic games will bring major benefits for the UK's small business community.

Spokesperson for the Federation of Small Businesses Simon Briault said that his organisation was "quite excited" about the opportunities likely to be generated by the arrival of the world's premier sporting event in London.

"The Olympics offer a really good opportunity for small businesses to get involved, develop new business start-ups and come up with new business ideas," he commented.

However, Mr Briault also admitted that many small firms currently harbour a certain degree of "scepticism" towards the Olympics, as they believe that any new openings provided by the games are likely to be dominated by big business.

"The worry is that it will all go to the big companies and their supply chains," he explained.

In an attempt to prevent this from happening, the Olympic Delivery Authority has launched a new website called CompeteFor, which aims to encourage the involvement of small businesses in Olympic developments.

TaxAssist Accountants focus their accountancy and tax skills specifically on small businesses and taxpayers in the UK.