Lloyds pledges £1bn of Olympic loans 09/02/2010 |
|
| |
| |
Lloyds Banking Group will offer at least £1bn of loans to help small businesses fund London 2012 Olympic and Paralympic projects.
In the run-up to the 2012 event, Lloyds – whose Lloyds TSB brand is a 2012 sponsor – will stage over 500 seminars around the country to help companies understand the business benefits of the Games. The total value of contracts connected to London 2012 is estimated to be £6bn.
The BBC reports that Lloyds believes thousands of businesses that do not have official contracts – such as retailers in the area surrounding the Olympic site – stand to benefit from what it thinks will be a ripple effect generated by the Games.
London Organising Committee of the Olympic Games (LOCOG) chairman Lord Coe said: "London 2012 is not just about sporting talent and it is not just about London. Across the UK, there are thousands of incredible businesses that could stand to benefit from the huge economic boost that will come from the Games."
|
| Back |
| |
| |
|
|
 |
Advertisement
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
