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London, 19 May 2010: With just over two years until the 2012 Olympics in London, the UK event industry is working hard to ensure that companies are able to host corporate events around the games at reasonable prices, according to IET Venues, the premier family of venues in London, Birmingham and Glasgow.

As part of this work, IET London: Savoy Place has signed up to the 2012 UK event industry Fair Pricing and Practice Charter (FFPC). Launched by Visit London, and the first initiative of its kind to be launched across an Olympic host nation, the FPPC is designed to ensure that pricing for the period around the 2012 Games is both fair and reasonable, providing a voluntary code of practice for both UK venues and event suppliers.

The London Olympics will begin on 27^th July 2012, and many assume that the bulk of activity will be happening around the East London area, close to the main venues.  However, Olympic events will be taking place all over London and the South East, and with around 120,000 hotel rooms on offer in London and hundreds of venues available for corporate events, there is a good deal of choice for corporate hospitality and accommodation.

Despite this, companies looking to host corporate hospitality around the games should begin planning soon, as venues will begin to book up.  The big brands realise this and multi-national giants like Visa and Coca-Cola began their hospitality planning well over a year ago.  The FPPC is designed to ensure companies aren’t charging extortionate prices for corporate hospitality even as venues begin to get booked up.

“The Fair Pricing and Practice Charter is a key initiative to help ensure that companies are not overcharged for hosting corporate hospitality at the London Olympics, and IET Venues is proud to be involved in this,” says Anna Clover, Manager, IET Venues and Facilities.  “London offers great capacity and variety in both accommodation and event venues for the games, but given that the ballot for tickets opened back in March, now is the time for businesses to get moving on planning and booking their events.”

Visit London Director of Business Tourism, Tracy Halliwell comments, “We are delighted that IET Venues have signed up with the other 350 signatories to support London’s first Fair Pricing and Practice Charter. London is the first Olympic city to create a charter like this and for Visit London as the official Business Convention bureau it’s all about maintaining the business tourism we have and looking after that future business legacy for the city and country.”

One of the three venues run by IET Venues is IET London: Savoy Place.  Situated on the Embankment, just across the Thames from Waterloo station, the historic venue offers 18 versatile meeting spaces including a tiered lecture theatre and stunning riverside views.

-ENDS-

For more information, please contact:

Steve Douthwaite / Jon White / Anne Ligory

Rocket Communications

+44 (0) 8453 707 024

iet@rocketcomms.net

About IET Venues

The IET Venues Group is made up of 3 conference and events venues in city-centre locations across the UK – IET London: Savoy Place, IET Glasgow: Teacher Building and IET Birmingham: Austin Court. Each venue boasts a tiered lecture theatre, built-in technology with onsite support and bespoke options, free Wi-Fi throughout, catering options from fork buffets to fine dining and an experienced events team that organise and hold over 10,000 events per year. Each venue has 15-18 meeting spaces of varying sizes, which are adaptable and versatile to any event set-up with bespoke, transparent packages also available. IET London: Savoy Place and IET Birmingham: Austin Court also benefit from waterside locations and hold full licences for weddings, partnership ceremonies and receptions.

For more information, please visit: http://www.ietvenues.co.uk

IET Venues is part of IET Services Limited – a trading subsidiary of the Institution of Engineering and Technology, which is a registered charity in England, Scotland and Wales with over 150,000 members worldwide.