HOTELS, shops, restaurants and sports centres can now gear up for an Olympic moneyspinner with competing teams seeking training facilities as well as accommodation in the run-up to the London 2012 games.

Mike Power, chief operating officer for the UK's 2012 bid, told a meeting at Bucks Chilterns University College that the town's proposed new sports attractions, such as the proposed revamped Handy Cross sports facilities and rural location will be a lure to foreign teams and visitors taking part in the games or viewing them.

Thames Valley Chamber of Commerce were the first to declare its joy at London's triumph.

Gavin Sheppard, group head of commercial development said: "The games will bring a tremendous commercial boost for the entire country and the result will go a long way in putting much needed pressure on Government for the required investment in the region's infrastructure".

The chamber is concerned that small firms as well as big corporates have a share in the business on offer.

"It is vital that small firms have a chance to bid for Olympic-related contracts before they are all hoovered-up by multi-nationals," added Sheppard."

John Lewis was only retailer to give official support to the London Bid.

Tony Wheeler, the new managing director at the High Wycombe store said: "John Lewis feels very proud to be the only retailer who supported the bid.

"We can look forward to a very exciting few years ahead in the build-up to the special event."

Sir Stuart Hampson, chairman of the partnership, sent a personal congratulatory message to the bid committee chairman Sebastian Coe and chief executive Keith Mills.

Mr Mills said: "The committee approached the task with boldness and panache. Nine months ago people were saying that London would be among the also-rans.

"Today, thanks to you and your team, it has emerged as a winner."

Wycombe paralympic hero Ian Rose confirmed that it would be a boon for families as well as athletes.

It will also be a boon for his business in professional speaking.

Ian said: "There is bound to be an interest in what I do in the run up to the games. He teold how he encountered hot and uncomfortable bus rides to competitive heats in Athens and lamented the fact that his family could only afford to witness his achievements on television. He added that the fact that it was on home turf was a boost for sports personalities and their families.