Targets should be set to ensure small businesses reap the benefits of the 2012 Olympic Games, the London Assembly (LA) has said.
When questioned by the LA, the Interim Olympic Development Authority (IODA) - the organisation responsible for organising the Games - was unable to commit to targets on monitoring the involvement of local firms, black and minority ethnic-owned businesses, and organisations run by women and disabled people.
The LA said businesses of all sizes and diversity should be able to benefit from the event and urged more information to be provided on how they can do so.
Dee Doocey, chair of the Economic Development Committee said: "How can smaller businesses in London have a hope of competing against multinational corporations if targets and monitoring are not in place to ensure they get a piece of the action in 2012?
"Proactive work is needed to bring traditionally unrepresented businesses into the supply chain. These businesses could miss out if such targets are not set early on and built into all Olympics contacts."
The LA also learned that the IODA's Olympic draft procurement principles did not include references to health and safety requirements.
An IODA spokesperson said the organisation would address this shortcoming.
