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Funding the Games

The London 2012 project is delivered by two key organisations - one private, one public.

A privately funded Organising Committee

The London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) is the private sector company responsible for preparing and staging the 2012 Games.

It has a £2bn budget, with almost all of it to be raised from the private sector.

This commercial revenue will come from several sources.

A public sector delivery organisation

The Olympic Delivery Authority (ODA) is the public sector body responsible for the delivery of the new venues and infrastructure required for the London 2012 Games. The ODA budget is drawn entirely from the public sector.

The ODA is funded by the Department for Culture, Media and Sport, the Greater London Authority, the London Development Agency and the Olympic Lottery Distributor.

This funding is contributing to the construction of the venues and infrastructure in the Olympic Park.