London 2012 Olympic and Paralympic Games

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Description: We are firmly on track and have already made solid progress.Construction began on the stadium three months ahead of schedule and Weymouth and Portland Harbour,the London 2012 sailing venue,has been completed ahead of schedule and to budget.2008 marked a year of outstanding achievement for our athletes and providedinspiration for the nation back home.Team GB and ParalympicsGB performedoutstandingly in Beijing 2008,coming fourth and second in the medal tablesrespectively,setting a high standard for London 2012.The benefits of investing in sport remain unquestionable.2008 also saw the Olympic and Paralympic baton pass from Beijing to the UK with theofficial handover to London 2012.Beijing hosted a spectacular Games.The challengeand the opportunity for us now is to ensure that London 2012 is an historic event thatthe UK and the world will remember for years to come,leaving a legacy that will last for generations.With legacy plans developing apace – Andy Burnham announced the Free SwimmingProgramme;London 2012 launched the Cultural Olympiad with 650 events around thecountry;and 5,000 schools participated in celebrations around Paralympic Handover as they joined the London 2012 Education Programme.In addition,InternationalInspiration – our programme to increase sports participation in developing countries –was launched by the Prime Minister.But this year has also seen a global economic downturn.I believe that the London 2012Games will provide economic gold at a time of economic need.Now,more than ever,we must fulfil our bold legacy ambitions to regenerate East London,provide thousandsof homes and jobs,training and apprenticeships,and inspire businesses from around theworld to invest in the UK.With 75p in every pound spent on building the Games goingtowards regeneration,we can be proud of what we have achieved so far,whilerecognising the big challenges ahead.All this must be done while delivering value for money from the �9.3 billion publicsector funding package.Our financ