London Stock Exchange welcomes Business in the Community (BITC) on the first day of Olympic Legacy

London Stock Exchange welcomes Business in the Community (BITC) on the first day of Olympic Legacy

Monday 10th September 2012

London Stock Exchange welcomed Business in the Community (BITC) this morning, Monday 10th September, to open the markets on the first day of Olympic Legacy.

Today marks not only the end of the Games but a new beginning for the next generation.  BITC will celebrate the vital relationship between business and communities and the importance it has to the lasting legacy of the Games. BITC's arc programme, working with Olympic partners, BP, Deloitte, Visa Europe, Freshfields, InterContinental Hotels Group and CBS Outdoor UK, has set out to create 1,000 new jobs in the Host boroughs by 2015 through social enterprise; a business with a social or environmental purpose at its heart.

Inspired by the London 2012 Olympic and Paralympic Games, the arc programme is a unique initiative to catalyse job creation and social and economic regeneration in some of the UK’s most deprived boroughs.

Through the innovation and expertise of arc’s business partners a real difference can be made to people’s lives. The contribution of business of all sizes can benefit Olympic Legacy. Business in the Community is proud to open the markets on this incredible day.

Commenting, Stephen Howard, Chief Executive, Business in the Community said:

“From the day London won the chance to host the Games seven years ago Business in the Community has been eager to work with our members to use the opportunity to help create lasting social benefit and employment in the communities of East London and beyond.  Over the past year we have demonstrated in a practical way in which big business can work with social enterprise to create jobs.  Our challenge now, like many of the social enterprises we support, is to take it to scale.  To be able to open the markets today at the London Stock Exchange with our business partners and social enterprises has been a privilege.”