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What happened to the relocated businesses? LDA FOI response

According to the LDA the four Olympic Boroughs, Newham, Hackney, Tower Hamlets and Waltham Forest lost a total of 93 companies employing 1245 staff as a result of the relocation of businesses. A total of 209 businesses employing 4964 staff were relocated. 25 businesses closed completely with a loss of 65 jobs. A further 10 businesses employing 54 staff are not accounted for.

The information was provided in response to a Freedom of Information request, see attached document. Most of the relocated businesses, 105 companies and 3565 jobs, remained within the four boroughs but a substantial number, 52 companies and 996 jobs, moved to other parts of London, mainly to Barking and Dagenham. A further 16 companies and 284 jobs moved outside of London.

It was recently reported that many businesses are taking the LDA to court over unresolved claims relating to compensation, fees and losses. This information request did not encompass those issues.

business relocation FOI response.pdf164.84 KB

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What happened to the compensation funds

In June 2009, Gareth Blacker, head of the Olympic Legacy Directorate department of the LDA, and his accountant were suspended pending an investigation into how compensation payment accounts had failed to put aside between £60million and £100million. His department is four years late in paying compensation to 72 businesses. There are fears that the problem could result in some Olympic projects being delayed or shelved.

Was the closure of Tony's

Was the closure of Tony's Cafe on Broadway Market to do with the Olympics? Or was it a separate case?

closure of Tony's Cafe on Broadway Market

No, it can't be said to be a direct result of the Olympics. It came about because of (alleged) corruption around LB Hackney's sell-off of council-owned properites years previously. See