Coe hopes City backing will help IOC decision

Link: Finance chiefs boost London’s Olympic bid

As London bid chief Sebastian Coe prepared to host the International Olympic Committee in the capital on Tuesday, the ICAEW released the results of a poll of its members serving the tourism and hospitality sector.

An emphatic 70% of those who responded said that, if London won the bid, there would be long-term advantages for the tourism and hospitality industry in the UK.

The poll results came as the City of London pledged over £1m to the bid. Over half of this was in the form of a cash donation from a City consortium, brought together to provide financial backing by chartered accountant Michael Snyder.

Snyder, who chairs the influential Corporation of London’s policy and resources committee, said: ‘We are at a crucial stage, in the run-up to the announcement of the successful candidate city in July. Business support will play an essential part in the effort to win the Games, and I would strongly encourage other businesses to join us, and to throw their support behind London.’

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