Posts tagged Olympic Games
John Cridland, the CBI director-general, has urged the government to invest £1.5 billion into major infrastructure projects that will boost the economy and create new jobs.
The CBI says that the government should back the construction sector, by introducing measures including investment tax breaks, and business rate reductions.
Such measures will encourage further financial investments and pave the way for more employment opportunities in the trades.
But the CBI chief also called for a focus on projects such as the Thames Tideway “super sewer” tunnel in London and the Hinkley Point nuclear power station in Somerset to give the economy an ‘Olympic-style shot’ in the arm.
“We need an industrial Olympics, with big schemes which can make a real difference,” Mr Cridland told the Evening Standard.
And in the Guardian he is quoted as saying: “Kennedy said at the start of the 60s that America would put a man on the moon by the end of the decade and it did, even though sadly Kennedy was not around to see it. We need the sense that we are just going to do these projects.”
Mr Cridland highlighted the need for improvements in the UK’s rail and road networks that are vital for strong economy and future growth.
Plans to deliver a £17 million multi-use leisure centre for Queens Park residents in London have been given the go-ahead by Westminster City Council.
The scheme, which has cross value of £60 million, will see the building of 120 new homes developed by Regen on two sites within 0.6 miles of each other.
The new sport centre will be located on the existing Moberly site will be developed at no cost to the taxpayer. It will be funded by a private developer, Willmott Dixon, in exchange for building residential properties on both sites.
The Council is expected to benefit from uplift in sales values of the homes during construction which will create new jobs and boost the trades industry.
This type of land arrangement is set to become more widespread as councils look for innovative funding methods from private sector developers to unlock value and increase funds to build new facilities.
Westminster councillor and a deputy cabinet member for sport and the Olympics, Steve Summers, said: “Few councils are in the position of being able to build multi-million new sports facilities in the current financial climate.
“But together with Willmott Dixon, we look forward to working on proposals which will create a £17m sports centre for residents of Queen’s Park together with a smaller sports facility at the Jubilee site. This will all be done at absolutely no cost to the taxpayer, so represents incredible value for money.”
The new leisure facility will have a 25-metre swimming pool, eight court sports hall, health and fitness facility, exercise studios, a health spa plus boxing and gymnastics halls.
Andrew Telfer, CEO at Regen, said: “I am delighted to be working with Westminster City Council on this exciting and ground-breaking scheme.
“With both current leisure centres in need of modernisation, this solution provides a bigger, state-of-the-art property for the local community offering high quality sporting facilities for many generations to come along with much needed quality new homes.”
Trade Minister Lord Green and Olympic Ambassador Sebastian Coe vowed today to build on the success of the Olympics and Paralympic Games by working with industry to promote British skills around the world.
An Olympics Legacy programme of trade missions and companies in the building construction sector will build on the successful completion of the Olympic venue which is set to bring £13 billion to the UK in the coming months and years.
Olympics Legacy Ambassador to the Prime Minister, Sebastian Coe, said that the Olympic legacy which London 2012 left is ‘once-in-a-lifetime’ opportunity to showcase British business excellence to the world.
Coe, who is also a double Olympic Champion and 12-time world record holder in athletics, said: “The extraordinary success of the London 2012 Games has shown the best of Britain to the world and now our focus turns to securing a lasting legacy. We have already witnessed the incredible regeneration of east London, with world class facilities and a new urban park created.
“We now need to ensure that organisations up and down the country use the positive impact generated by the Games to reach out to new markets and grow their businesses.
“The British Business Embassy at Lancaster House has brought together business leaders from the UK and all over the world in a showcase of Britain’s industrial strengths and successes.”
Trade and Investment Minister, Lord Green, said that the Games have provided excellent chance to enhance Brittan’s business links with the rest of the world that will bring significant investment to the economy.
Mr Green said: “The British Business Embassy has hosted 4,000 business people from large and small firms alike. The connections they have made will deliver real economic dividends.
“We are now working hard, alongside firms around the country to follow up the contacts, networks, announcements and momentum created by the Games.”
The largest trade association in Britain, the Renewable Energy Association (REA), has welcomed Nick Clegg’s announcement to provide a £100 million fund for green investment that will boost the renewable energy industry and create new jobs.
Making the announcement today, Deputy Prime Minister Clegg said that the multimillion fund will enable the UK Green Investments team (UKGI) to see more domestic and foreign investments to the renewable industry.
Chief Executive of the REA, Gaynor Hartnell, praised the Deputy Prime Minister for his leadership and commitment to the renewable energy sector.
He said: “We need clear leadership from the top of Government on renewable energy, so the Deputy Prime Minister’s unequivocal commitment to renewable energy is very welcome and timely.
“He is quite right that a global energy revolution is underway and we look forward to working with him to ensure the UK fulfills its extraordinary potential.”
However, Mr Hartnell said that the Coalition Government needed a more stable policy framework to make sure the UK’s renewable industry continues to expand, paving the way for green jobs in the future.
Mr Hartnell said: “The Coalition Government needs to do much better on providing a clear and stable policy framework to make sure the UK isn’t left further behind.
“Recent decisions on support levels for renewable power technologies, which have failed to provide the expected certainty out to 2017, together with the uncertain status of the Electricity Market Reform package, do not provide the stable framework that industry needs.”
Do you also welcome Nick Clegg’s intervention to boost the green economy? What else the Government could do to further accelerate green investment and create more jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
Deputy Prime Minister Nick Clegg has announced a £100 million fund for green investment which will create new jobs in the renewable energy industry.
Speaking to an energy conference in London’s Lancaster House today, Mr Clegg defended the Government’s commitment to support the renewable energy sector, outlining lasting benefits to the UK low-carbon economy.
He announced multi-million contracts by UK Green Investments (UKGI) with fund managers Equitix and Sustainable Development Capital (SDCL) to provide initial capital to encourage foreign and domestic investment in non-domestic energy efficiency.
The Deputy Minister’s announcement was hailed with a £12 million expansion by a recycling firm Closed Loop in Dagenham, East London, that will create and safeguard 100 jobs.
The UK is the sixth largest market in low carbon goods and environmental services in the world. It contributes 3.9 per cent of the UK’s GDP and employs 173,000 people.
The Deputy Prime Minister said that the Coalition Government is ‘unreservedly committed’ to help Britain’s low carbon sector thrive, providing a clean and green economy.
He said: “There is a global energy revolution underway and the UK is not going to be left behind. We’re leading from the front.
“Together we find ourselves at the vanguard of one of the most dynamic, most innovative, most important industries of our time; an industry whose breakthroughs and endeavours will shape our societies for years to come; an industry that will help us build a more stable, more sustainable, more prosperous world.”
What is your reaction to the Government’s £100 million fund that will accelerate investment in the renewable industry and create new jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
“Post-Olympic Work to Create New Jobs in the Trades”
The London Legacy Development Corporation (LLDC) has appointed Britain’s second biggest homebuilder to build the first of the five new neighbourhoods on the Olympic Park.
Sitting between the Athletes’ Village and the Lee Valley VeloPark, the development of Chobham Manor will address the residential needs for larger homes, with more than 75% of the new homes offering family housing.
Eleven thousand new homes, schools, nurseries and shops are set to be built in the Olympic Park over the next 20 years after the London Games leave town.
Daniel Moylan, Chairman of the London Legacy Development Corporation, said:“Chobham Manor will set the tone for the high quality neighbourhoods we want to create across the Park with new schools, health centres and community spaces to support them.”
The Mayor of London, Boris Johnson, welcomed the announcement by emphasising the future benefits for local communities and the increasing accommodation needs in the city.
Mr Johnson said: “With the incredible energy of London 2012 captivating audiences across the world, the long-term legacy of the Olympic Park is quietly going from strength to strength.
“The development of Chobham Manor is major milestone and will help ensure a thriving community on the Park becomes a reality sooner rather than later.”
What are your reactions of the Olympic Games and the lasting legacy they will bring to London’s infrastructure? Do you welcome the Post-Olympic work which is set to deliver thousands of new homes for Londoners? Share the wider implications of the Games for you and your business by commenting here or raising your voice on our Facebook and Twitter page.
Speaking today at the largest trade and investment event ever held in Britain, Prime Minister David Cameron said that the £8 billion development of the Battersea Power Station in South West London will create 20, 000 jobs during its construction.
The mixed development will contain homes, office space, a hotel and retail space and will see the Northern Line extended with a new transportation hub at the Power Station site.
The Global Investment Conference, launched by the Prime Minister, is the first of a series of global business summits being held in London to showcase the UK during the Olympic and Paralympic Games. The event is expected to generate hundreds of thousands of new jobs for people in the trades.
The conference kicks off the largest and most ambitious set of trade events held in Britain. During the six weeks of the Games, the British Business Embassy will host 17 global business summits that will bring over £1 billion of deals and projects.
These events will allow more than 4,000 business leaders and politicians to exchange views and ideas, discuss local and international economic challenges as well as develop strong global partnerships for future growth and showcase the best of British business to the world.
Chancellor George Osborne said: “Britain has always been a country that is open to the world. In hosting the Olympic Games, we are showcasing that openness. As we welcome the world’s best athletes, we also welcome the world’s best companies – so that they can succeed, invest, and create jobs in Britain.”
Business Secretary Vince Cable said: “Tomorrow we welcome the world to London as the 2012 Olympic Games get underway. This summer is more than just a great sporting spectacle – it is an unrivalled opportunity to promote the best of British industry and make the most of our openness to foreign trade and investment.”
This month, the UN’s World Investment Report showed that the UK had retained its place as the number one destination in Europe for inward investment. The report showed that there were almost 60,000 new jobs created last year as a result of inward investment.
What is your reaction to the Global Investment Conference that could bring billions of pounds to the UK economy? How much of an impact will the Olympics have on your business? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
Building, Engineering and Construction work of the Olympic Park for London 2012 has raised the public profile of the industry, helping millions of people in Britain to appreciate the importance of civil engineering to society, a survey by a leading engineering body revealed today.
A new survey published by the Institution of Civil Engineers (ICE) showed that over half of the public (53%) no longer just think about bridges when they think of civil engineering in the light of the London 2012 Olympic Games.
Nearly half of the 2, 000 people who took part in the ComRes survey said they would consider civil engineering to be a ‘respected’ profession, alongside jobs such as lawyers and teachers.
More than 46,000 jobs have been created as a result of the London 2012 construction project. Post-Olympic work, taking place just after the closing ceremony next month, is expected to create thousands of extra new jobs.
The successful delivery of the £7-billion worth Olympic infrastructure has raised the public profile of civil engineers and people working in the trades.
45% of the people who participated in the survey say they would consider civil engineering to be a ‘respected’ profession, alongside jobs such as lawyers and teachers. Over a third (38%) of the participants said they would encourage their children to pursue a career in civil engineering.
ICE President Richard Coackley said: “Our day-to-day lives depend on the infrastructure around us that is designed, built and maintained by civil engineers – from roads, railways and bridges to energy, water and waste networks.
“It forms the backbone of society and the economy. But unfortunately it is often only when things go wrong that the work of civil engineers is thrust into the media spotlight.
“The London 2012 Games have changed this – showcasing and celebrating the work of these often ‘unsung heroes’ while at the same time helping the public understand more about what civil engineers do and what a diverse and exciting career it is.
“If anything could excite and inspire young people to pursue civil engineering as a career it’s the Olympic and Paralympic Games – a true feat of engineering in every sense.”
What’s your reaction to the survey by the ICE indicating a bright future for civil engineers and people in the building construction industry? Share your thoughts by commenting here or raising your voice on our Facebook page.
As London is about to host the 2012 Olympic Games next month, the UK’s construction sector could benefit from this summer’s excellent completion of the Olympic venue and one of the greatest showcases on the Earth to bid for major international project in the future.
The opening of the Olympic Games will signal to the world, and future host cities of sport events, Britain’s success in delivering seven billion pound worth of Olympic infrastructure on time and budget.
John Armitt, chairman of the Olympic Delivery Authority (ODA) explained the success of London 2012 will reinforce Britain’s building construction credentials in overseas markets.
Mr Armitt also commented that the Olympics are an opportunity to build Britain’s self-confidence as a country. British businesses and trade professional could benefit from major projects in some of the world fastest growing economy, including Qatar.
Over the next decade the Gulf state will develop US $140 billion worth of major projects in preparation for the 2022 FIFA World Cup. British companies will be able to benefit from these commercial opportunities and pursue the investment potential which their businesses need.
Do you agree the building construction industry will benefit from the Olympic legacy and widen its international operations? Share your thoughts by commenting here or raising your voice in our Facebook page.
Building and Construction contractors will be able to take pride and promote their businesses for the good work they have done in building the Olympic venue for London 2012 the day after the closing ceremony of the Olympics, Sports Minister Hugh Robertson has confirmed.
Marketing and regulation rules imposed under the London Olympic Games and Paralympic Games Act 2006 prevents contractors from publicising their contribution in the construction of the Olympic venue until 13 August 2012, the day after the closing ceremony.
Currently, contractors are banned from mentioning their names in relation to the Olympics. This measure is considered to be designed to protect the official sponsors of the Games.
Tessa Jowell, a former Olympics minister, raised the issue in Parliament this week saying that it’s vital for British contractors to be able to advertise the good work they have done, this then would help Britain’s construction sector in the future.
Labour MP Jowell said: “Those businesses that have done so well and are rightly proud of their contribution to this year Games are too tightly bound by the marketing rights protocol which is preventing them from revealing the part they have played.”
What’s your reaction to the measures taken by the government to prevent contractors mentioning their names before the end of the Olympics? Share your thoughts by leaving a comment below:
The man in charge of building the Olympic venue for London 2012, John Armitt, has told Reuters News that this summer’s Olympics will be a great advertisement for Britain’s construction sector.
The Olympic venue was successfully completed both on time and within the £7 billion budget. This serves as an excellent stimulus for boosting British construction and as an example to building companies around the globe.
Armitt, who is a chairman of the Olympic Delivery Authority (ODA) and responsible for the Games infrastructure, believes the Olympic Park in East London will be a great showcase for courtiers around the world to look at the knowledge and the skills of Britain’s building engineering construction industry.
Talking about the legacy of British construction and pointing out the great achievements in the building sector, Mr Armitt said: “British contractors and consultants have been delivering infrastructure around the world for the past 200 years.”
“What this enables them to do is reinforce those credentials in the overseas markets. The Olympics is an opportunity for us to build our self-confidence as a country.”- added Mr Armitt.
What is your opinion on the successful completion of the Olympic Park for London 2012? Do you think it will help British construction businesses to get work abroad? Share your thoughts by leaving a comment below:
Prompt and successful completion of the building construction work for the Olympic Games in London this summer could be a chance for UK firms to get work all over the world – a leading publication in the trades, Construction Enquirer, reported today.
One of the UK’s leading International Consultants, McBains Cooper, has urged the Government’s trade teams to introduce more building contracts from abroad for the building construction industry in Britain.
McBains Cooper state that London 2012 is an excellent example of how a major project should be built and UK firms should use their management expertise to export their skills and knowledge to make major projects worldwide equally as impressive.
The successful construction of the Olympic venues triggers a world-wide interest for many countries which will host similar events in the future. The building of venues for the Olympics in London 2012 will give UK firms the unique opportunity to showcase their expertise and professionalism to potentially participate in big projects around the world.
An increasing number of building companies across the UK are considering applications for construction work ahead of major events in Qatar, Brazil and Russia. McBains Cooper, which has an alliance in Brazil for the venue of the 2016 games, expressed its determination to negotiate with all regions that are candidates for the 2020 games to secure future contracts.
Chief executive at McBains Cooper, Michael Thirkettle, said: “Everybody involved in construction, whether in Brazil or the 2020 candidate venues, has commented on the success of the planning and construction of everything London games-related. More often than not it’s accompanied by some positive reference to the UK construction industry, and its professional advisers and consultancies being the best in the world.
“The fact is that in comparison to any other recent major sporting event – and some recent Olympics – London 2012 construction has run far faster and more efficiently. That has been noted by other countries, and, frankly, because of our reputation, British construction and professional consultancy businesses are amongst the very few who can travel the world to help drive and deliver major projects for other venue cities.”
Mr Thirkettle thinks that every business in the UK has the unique opportunity to promote itself and bring more investment from abroad.
He said: “The Olympics is a fantastic global shop window for British management expertise, design and construction skills, and that expertise can be exported to make other games equally impressive.”
Do you see the successful construction work of the Olympic venues as an opportunity for your business to win more contracts in future? Tell us how optimistic are you about exporting your business abroad?
As reported earlier this week, Heathrow Airport has announced to build a new terminal for the London Olympic Games to ease the increased traffic of people at one of the busiest airports in the world.
Building work at London Heathrow will create new jobs, transport networks and regenerate 6th runway in Heathrow Airport, which expects nearly 50% more passengers arriving on July 26, the day before the opening ceremony.
As part of preparations for the new terminal at Heathrow, building construction work will take place to build specialist lifts for Paralympians and improve facilities from which participating athletes will depart.
Nick Cole, Heathrow’s head of Olympic and Paralympic planning, asserted: “The London 2012 Games will be a unique operational task and a massive challenge for Heathrow.
“The airport is one of the most popular international airports in the world and already operates close to capacity.”- Mr Cole added.
Work is also currently underway on Heathrow’s new £2.2 billion terminal two, which will replace its existing terminals one and two once completed in 2014, with around 5,000 people to be employed on the site of this project.
What is your opinion about the plan of building a new Olympic Terminal at Heathrow Airport? If you are working in the building construction sector, do you think that could be a good opportunity for you/your business? Share your thoughts by leaving a comment below:
Building and Construction work for the London 2012 Olympic and Paralympic Games has been completed on time and within budget – chief executive of the Olympic Delivery Authority (ODA), Dennis Hone, told Sky News.
Building the stage for the London 2012 Game has given people in the building industry across the UK unprecedented access to new jobs and career opportunities. Building work towards completion of the Olympic Park, in the heart of East London, has helped thousands of people in the building engineering sector to get employed and improve their current skills.
Mr Hone said: “We are in fine form ahead of the Games, having built the venues and main infrastructure on time and within budget.”
Even though building work has been officially completed and the venues handed over to organisers, there is still a lot post-building work to be done. All the sports equipment plus timing and scoring equipment as well as other temporary features are to be installed in the next month in the run up to the Olympics.
The building of a 100,000 sq ft of retail space for the Games including a 40,000 sq ft London 2012 mega store will be built before 16th July, the peak day for Olympic athlete arrival.
In addition to the existing facilities, another 11 areas sponsor showcase will be built, 362 toilet blocks, and 165 concession stands will be installed.
More than 1,000 picnic benches, installing ticket box offices, information booths and programme sale points, plus 4,000 waste bins will be installed in the next couple of months.
Heathrow Airport has announced today that it is planning to build a new terminal for the London Olympic Games. The newly built Olympic terminal will ease the high volume of extra passengers expecting to arrive for London 2012.
Building work at London Heathrow will create new jobs, transport networks and regenerate 6th runway in Heathrow Airport, which expects nearly 50% more passengers arriving on July 26, the day before the opening ceremony.
Do you welcome the new proposals for building a temporary Olympics terminal on Heathrow Airport? Do you think that it could be a new opportunity for you or your business after the official completing of Building Work for London 2012 Olympic Games? Share your thoughts with us by leaving a comment below: