Small businesses raise Olympic concerns

The Olympics may not have the positive effect that was promised according to a number of small businesses.

The latest 'Voice of Small Business' Survey Panel from the Federation of Small Businesses (FSB) has revealed that 62 per cent of small firms believe that the London 2012 Games will not have a positive impact on their business.

In fact, just seven per cent of the businesses surveyed believe the Olympics will benefit their business overall, while a worrying 25 per cent expect a negative impact on their business.

The FSB claims that the Government and Olympics Authorities should ensure that small firms are aware of the ways to benefit from the Games, particularly as they were sold on the basis that it would create a long legacy for the country.

Commenting, John Walker, National Chairman of the Federation of Small Businesses said: "It is worrying that 200 days before the Olympic and Paralympic Games are set to begin, small businesses think it will not benefit their business. This is even more worrying considering the London 2012 Games was sold on the basis of its legacy. We all know times are tough, but 2012 is a year of big events that small firms should be able to benefit from. The Government and Olympic Authorities must help show small businesses how they can reap the rewards from one of the biggest sporting and tourism events the country has seen for years."