Businesses and residents across London will benefit from the regeneration of the east of the city following the 2012 Olympics, it has been suggested.
John Armitt, chairman of the Olympic Delivery Authority (ODA), has told business leaders that the Games will provide a much-needed boost to the economy.
Mr Armitt met with members of the Confederation of British Industry yesterday, many of whom have offices in London.
He told the group: “The public investment in the Games and the benefits this will bring in terms of new jobs, new homes, infrastructure and sporting venues is already boosting the UK economy.”
“These benefits are directly a result of hosting the Games but will also be felt long after 2012,” Mr Armitt added.
Earlier this month, he told London’s legislative assembly that the ODA remained “resilient” in the face of the global financial downturn.