UK businesses are cashing in on the 2016 Olympic Games in Rio de Janeiro with £100m in contracts

Madeline Ratcliffe
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Vinicius and Tom, the mascots of the Rio Olympics and Paralympics (Source: Getty)

UK companies are set to cash in on the next Olympic Games held in Rio de Janeiro next year.

Some 25 British businesses have already benefitted from contracts worth more than £100m for the 2016 Olympics in Brazil, and will be “working closely” with Brazilian companies, according to UK trade and Investment.

Government figures suggest the London Olympics boosted trade deals and investment in the UK economy to the tune of almost £10bn, including £1.5bn in lucrative overseas contracts, including helping other host nations design venues, almost beating the £11bn four-year target in just 12 months.

The minister for trade and investment Lord Maude, who’s in Brazil this week looking to strengthen British-Brazilian trade links, said: “It’s great to see UK companies collaborating with Brazil to build a successful Rio 2016 Olympics.

“The expertise of British businesses was one of the keys to the success of London 2012: and with £100m and counting of business contracts won, they are set to make a great contribution to the Rio Games as well.”

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