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UK businesses big and small are getting in on Olympic funding, with some 18,000 in the running for associated contracts.

Sporting and financial attention has turned to the 2012 London Games following the success of China’s hosting of the event.

Statistics from the Olympic Delivery Authority (ODA), which is overseeing the planning, show the site were tenders are published has had 18,000 registrations.

Around 7,000 main contracts and 75,000 sub-contracts are up for grabs, which will see some small and medium-sized businesses land some of the billions in set up costs.

Kevin Fisher is managing director of Portmere Rubber, which is involved in supplying materials for gates for a river through the main Olympic site in the capital.

He told businesszone that companies need to “keep an eye” on the press and government websites for details of new contracts and said many big jobs are divided up into small portions.

The future is expected to be bright for companies which can take advantage of UK sporting events.

More contracting is likely to be prompted by the 2014 Commonwealth Games, due to be held in Glasgow, and England is among the front runners to host the 2018 World Cup.

Article supported by Physioroom.com, Tennis elbow support suppliers.

Thousands of UK small and medium-sized businesses stand to benefit from the next Olympics thanks to a host of contracts up for grabs.

London 2012 is set to see business opportunities spring up for firms across the nation, with around 18,000 having already registered to tender.

The Olympic Delivery Authority (ODA), which is overseeing preparations for the event, says 90 per cent of these firms are small or medium-sized.

Experts have been giving advice as to how entrepreneurs can benefit, with some saying companies will need to be ready to deliver on big requirements.

Quoted by businesszone, Andy Webber of Lloyds TSB said it is “vitally important” for companies to ensure they have sufficient suppliers and to make sure they can cope with cashflow issues as contracts may not be paid until they are fulfilled.

Some companies are expected to be able to piggy-pack onto firms which have won big contracts and grab a slice of the action via subcontracting

The London 2012 Games are expected to cost billions of pounds with the National Lottery alone expected to cough up some £2bn towards a total of around £9bn.

Article supported by Physioroom.com, Tennis elbow brace suppliers.