The two year countdown until the Olympics has begun, and the £11 billion investment in the capital has been revealed.
As reported by Visit London, there will be new investment in hotel developments and transport links will be upgraded. This will be welcome news for business visitors heading to conference centres in the capital, who will have a wider choice of accommodation and transport options available to them.
Major investments that are coming to fruition include the completion of the East London Line, the redevelopment of Kings Cross St Pancras Station and the refurbishment of the Savoy Hotel.
There will also be investment in community projects and small business initiatives.
“With just two years to do, the Olympic countdown provides and extraordinary opportunity to show the world exactly what London has to offer,” said Sally Chatterjee, CEO of Visit London. “Businesses large and small are gearing up for the Games; developing new products and services to cater for the influx of athletes, spectators, officials and visitors that are due to flock to London in 2012.”
London businesses have been capitalising on the excitement surrounding the Olympics and showcasing their entrepreneurial spirit. London’s first punting station has been created on Regents Canal in Mile End, and a floating hotel has been developed. “The countdown has unleashed a wave of entrepreneurial innovation designed to have a lasting legacy for generations to come,” claims the report.
We recently reported that the Olympics is expected to raise London’s profile when it comes to event hosting, and such investments will further cement those efforts.