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| Version 0 | Version 1 |
|---|---|
| Olympic site firms 'face closure' | Olympic site firms 'face closure' |
| (about 1 hour later) | |
| Traders facing statutory eviction from the London 2012 Olympic site, are struggling to find new premises. | Traders facing statutory eviction from the London 2012 Olympic site, are struggling to find new premises. |
| Businesses in the Stratford area, east London, have only a month to relocate to make way for the development. | Businesses in the Stratford area, east London, have only a month to relocate to make way for the development. |
| About 92% of some 200 firms have already moved, the London Development Agency (LDA) said. | |
| But the agency said a small number of companies may have to shut down altogether because they cannot afford the cost of relocation. | But the agency said a small number of companies may have to shut down altogether because they cannot afford the cost of relocation. |
| Financial compensation | Financial compensation |
| "There is a possibility that there may be a small number of businesses that ultimately go out of operation," said Gareth Blacker of the LDA. | "There is a possibility that there may be a small number of businesses that ultimately go out of operation," said Gareth Blacker of the LDA. |
| "They will receive financial compensation but we think the number in relative terms is going to be tiny." | "They will receive financial compensation but we think the number in relative terms is going to be tiny." |
| The LDA is in charge of relocating businesses, affected by compulsory purchase orders, from the Olympic site. | The LDA is in charge of relocating businesses, affected by compulsory purchase orders, from the Olympic site. |
| Julian Rosen, who runs a firm supplying hospitals and schools with frozen food, said he has spent a year looking for a new site. | Julian Rosen, who runs a firm supplying hospitals and schools with frozen food, said he has spent a year looking for a new site. |
| "The time involved in finding these things, in negotiating them and securing them... it's very difficult," he said. | "The time involved in finding these things, in negotiating them and securing them... it's very difficult," he said. |
| "And then you've got processes of negotiation with the LDA, with the landlords, with funding... it's all too much to bear really." | "And then you've got processes of negotiation with the LDA, with the landlords, with funding... it's all too much to bear really." |