Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what guarantees of financial stability are required from firms tendering to supply sports equipment for Olympic and Paralympic Games in Tokyo 2020 and Paris 2024.

There has been no consistent requirement regarding the financial status of companies for Tokyo 2020 contracts. It has been on a tender-by-tender basis. Tenders can be accessed via: www.tokyo2020.org/en/organising-committee/procurement/

Procurement is still at a very early stage with regards to Paris 2024. Procurement opportunities, outside of infrastructure, will accelerate after Tokyo 2020. We will then have more of an understanding around what guarantees of financial stability are required.