Flint Bishop

Nearly half of small and medium sized businesses in Nottingham expect disruption as a result of the Olympic Games

Pictured: Mark Doleman

With less than nine months to go, nearly half of small and medium sized businesses in Nottingham are expecting disruption to their operations as a result of the Olympic and Paralympic Games, according to a new report from Deloitte, the official professional services provider to London 2012.  

The report, Entrepreneurship UK, surveyed owners of private businesses in the region and found that 46% of respondents believed the Games will impact on their business operations. Of those that anticipate disruption staff unavailability and transport were the biggest concerns (18% of total respondents respectively) followed by client/customer scarcity (5%) and resources scarcity (5%).

Mark Doleman, head of entrepreneurial business and senior partner at Deloitte in Nottingham, comments: "There seems to be a good level of awareness amongst local SMEs of the potential impact of the Games, but with less than a year to go it's important that others also start realising the implications. The clock is ticking and planning needs to start now - supplies, transport, travel, and staff availability will all be critical considerations."

The latest findings follow the announcement earlier this year that two of Nottingham's iconic landmarks, the Robin Hood Statue and the National Ice Centre, have been selected as focal points on the Olympic Torch Relay Route. Torch events are already being planned for Thursday 28th June 2012 as part of the Council's programme of activities (themed 'Game On') that will be taking part over the Summer.

"We know from previous Games that businesses tend to underestimate the sheer breadth and scale of the impact of the Olympic and Paralympic Games, and this survey suggests it could happen again next year - despite the huge opportunity. Companies large and small should be planning now to take advantage of increased demand and new customers."

 

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Article published by Midlands Business News on 22 November, 2011

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