POSTED: July 4th 2011

Johnson says London is already a big winner as 'Olympic effect' weighs in

Boris Johnson: must stand for re-election ahead of the Games /
Boris Johnson: must stand for re-election ahead of the Games /

KEIR RADNEDGE / Sports Features Communications

LONDON, Jul 04: The significance of the 2012 Olympic Games in terms of London's own development has been hailed by Mayor Boris Johnson. A report just published by his office claims a £2bn boost to the capital’s economy and the creation of 10,000 permanent jobs many years earlier than forecast.

Research by Volterra, commissioned by the Westfield Group, assesses that winning the Games has been worth up to £600m in new infrastructure - including phase one of the £1.45bn Westfield Stratford City retail development forge on the edge of the Olympic Park.

The research suggests that the total of permanent new jobs will eventually reach 15,000 in in addition to the wider jobs and skills legacy being delivered through 2012 Games programmes, which include lifting more than 25,000 people into new jobs.

In addition, 400 apprentices have been trained on the Olympic Park site, a further 40,000 training places have been provided and 50,000 people have received support to get back into work.

The figures were revealed as the London Mayor joined Stratford City’s development director, John Burton, and Newham Mayor, Sir Robin Wales, on a tour of the retail centre.

Johnson said: “Our commitment to transform the job prospects of Londoners and bring lasting economic benefits as a result of the 2012 Games is already becoming a reality . . . and this is just the tip of the iceberg as investors from across the planet see the incredible opportunities arising as we develop this brand new district in our great city.”

Johnson must stand for re-election ahead of the Games. The next London mayoral election is set for Thursday, May 3, 2012 - the fourth such ballot since the inception of an executive post in 2000. Johnson has confirmed his intention to stand while the Labour Party has nominated Ken Livingstone. He was Mayor from 2000 to 2008,a term whch included the successful campaign to win host rights to the 2012 Games.

Keywords · London 2012 · Olympic Games · Johnson

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