MEDIA RELEASE 10 April 2012
London Businesses Undertake Unprecedented ‘Stress Test’ Ahead of the Olympics
For the first time ever, businesses across London are coming together to undertake the Capital’s largest co-ordinated test of IT, telecommunications and transport requirements.
The ‘Stress Test’, scheduled for 8 and 9 May 2012, aims to simulate conditions during the London 2012 Games later in the summer, when many businesses will employ alternative working arrangements such as flexible hours to alleviate disruption to their operations.
Businesses of all sizes and their employees are encouraged to implement their ‘Games-time’ alternative working arrangements on 8 and 9 May and simultaneously conduct a simple and confidential online survey provided by Deloitte. The survey results will help organisations’ evaluate their plans and provide an overall industry view of the measures being adopted. Registration and participation in the survey is free to all businesses.
The Stress Test organisers aim to ensure that London has the right information to remain open for business during the Games, and in particular that employees can still access their workplace and use telecommunications, which will provide a major boost to the economy over the Summer.
The initiative is being led and promoted by Canary Wharf Group plc and Deloitte working in partnership with the Government Olympic Executive, Transport for London, The Greater London Authority, City of London Corporation, the Financial Services Authority and the London First Cross-sector Safety and Security Communications Group (CSSC). A number of Canary Wharf and the City’s largest employers are already committed to the scheme.
Mark Evers, Director of Games Transport at TfL, said: “Many organisations are already putting their plans in place to ensure they can continue to run effectively and profitably during the Olympic and Paralympic Games.
“The Stress Test provides businesses with the perfect opportunity to test their plans and identify any issues they may need to address ahead of the Games. Help and advice is also available for businesses that haven’t started planning yet, at www.getaheadofthegames.com.”
John Milne, Head of Resilience at the FSA says “We strongly support this initiative by Canary Wharf Group which will offer firms a unique opportunity to dry-run the plans they have put in place for the Olympics.”
Drew Gibson, Business Continuity Manager at Canary Wharf Group plc says: “The stress test will provide business of all sizes and in all sectors across London with an exciting opportunity to work together on these kinds of issues. By planning ahead we can develop our overall resilience and capitalise on the boost to London’s economy this summer, while helping London to deliver a successful London 2012 Games.”
Organisations that wish to participate are required to register at www.deloitte.co.uk/stresstest.
For further information, please contact:
Canary Wharf Group plc
T: 020 7418 2236
M: 07779 888 075
NOTES TO EDITORS:
Difference between the Market Wide Exercise and the 8 and 9 May Stress Test
The UK Financial Authorities (FSA, Bank of England and HM Treasury) are committed to promoting and enhancing resilience of the financial sector. In support of this, the Authorities ran a Market-wide Exercise (MWE) on the 22 November 2011 involving 87 organisations from the finance sector which focused on cyber attack and payments disruption and also provided the opportunity for firms to assess their Olympic Planning preparedness.
The MWE is a finance sector initiative only whereas the Stress Test on 8 and 9 May test is applicable to all sectors.
About Canary Wharf Group plc
Canary Wharf Group is an integrated property development, investment and management group of companies.
Canary Wharf has a working population of nearly 100,000 people in a diverse range of sectors for some of the world’s leading companies. It has paved the way for the regeneration of London’s Docklands and one in five Canary Wharf workers now lives in a local East London borough. It has helped London and the City consolidate its position at the centre of the business world.
Following the recent announcement to build a new headquarters for European Medicines Agency at 25 Churchill Place, the Group has plans in place to continue to develop Canary Wharf in the coming years.
Canary Wharf Group also has joint ventures outside Canary Wharf at 20 Fenchurch Street (with Land Securities) and the Shell Centre (with Qatari Diar).
www.canarywharf.com Twitter: @yourcanarywharf
About Canary Wharf Transport during the London 2012 Games
On 13 March Canary Wharf Group announced initiatives to keep the famous Canary Wharf business and shopping district in central London ‘open for business’ during the Games period.
Additional trains, boats and bikes; containers for non perishable deliveries; amended construction and delivery timetables and encouraging transport commutes outside peak times are among the initiatives to ensure that Canary Wharf is fully functional despite being within three miles of 20 Olympic venues.
Canary Wharf Group expects a 25% drop off in the usual peak time public transport commuter numbers during the Games. This, in combination with the transport initiatives in place, means that only a small number of evening rush hours (Friday 3 August and Monday, 6 to Thursday 9 August) at Canary Wharf Station are likely to face significant disruption during the Games, with waits of longer than half an hour if not enough people change their travel behaviour.
Canary Wharf commuters are encouraged, where possible, to avoid the rush hours during Games time, particularly at key stations such as London Bridge.
Commuters to Canary Wharf are already benefiting from more peak time Jubilee line trains, which will be increased again this Spring, to 30 trains an hour. During Games time, four of the westbound evening peak trains will start empty from Canary Wharf, helping to balance demand from Canary Wharf commuters with that of spectators travelling to and from the Olympic Park. A stream of up to date communication will indicate the best routes to get home.
Further information on the assistance available to businesses and individuals can be found on www.getaheadofthegames.com