BUSINESSES have hit gold with the 2012 Olympics.
Fifty firms from across the North East have won more than £70million-worth of contracts for the games, across a wide range of services and sectors – with contracts still up for grabs.
Some of those companies came together at Seaham Hall for a “Breakfast of Champions” with the region’s own Olympic medallist Steve Cram and Paralympic triple gold winner Stephen Miller.
The event was organised by the Seaham-based Business and Enterprise Group, which set up the Compete North East service to help firms bid for contracts with events such as the Olympics.
Mr Cram, who is vice-chancellor of Sunderland University, said: “The Games is also a showcase for British business.
“We have had to deliver this massive undertaking, which we have done on time and on budget – and North East business has played its role in that.”
Compete North East’s Paul Taylor said the estimated £70million boost to the region’s economy was “a fantastic figure”.
Companies of all sizes were benefiting from the games.
“One of the big winners is Arriva,” he said.
“They have got a contract for transporting athletes all over the UK.”
One of the firms to benefit is Seaham Grange-based IPS Flow Systems, which supplies thermo-plastic piping on behalf of manufacturers in Europe and the U.S.
The firm landed a £300,000-plus contact to supply piping for the sprinkler systems in the athletes’ villages.
l Did you get tickets for the 2012 London games? If you did, call the Echo Newsdesk on 501 7326.