Updated plans for the Olympic Park in East London announced by Olympic organisers this week will mean less businesses and jobs need to be relocated.

The Olympic Park project already proposes to create of thousands of new jobs, affordable housing and to help to transform large sections of physically deprived land in east London area into revitalised and sustainable communities. But, as a result of the new changes announced this week, a third of the businesses which would have needed to relocate can now stay put.

Manny Lewis, Chief Executive of the London Development Agency (LDA) which is tasked with securing and preparing the land for the Olympic Park said: "These improvements will help deliver an enhanced legacy for London and Londoners, which has always been the core of our vision.  The changes also mean that nearly a third of the businesses and 1,200 jobs which we originally needed to relocate can now remain where they are.  This will significantly reduce the impact on local businesses."

Tessa Jowell, Secretary of State for Media, Culture and Sport said: "[...] it is not just good news for the Games, but also for a significant number of businesses and their workers, as well as residents, who can now stay in place and not face re-location. London 2012 just got even better."

The changes, which have been approved by the International Olympic Committee (IOC), involve adjustments to the location of the Olympic Village, media centres and the temporary coach and car parking site on Fish Island.  They are intended to enhance the Olympic Park and its facilities, underlining London's commitment to delivering the best Olympic Games and Paralympic Games for the world's athletes and leave a world-class legacy.

The changes are:

• Integrating the Olympic Village, site of the athletes' accommodation and legacy housing, more fully with the Stratford City Development. This will allow a large part of the Village to be delivered through housing provision already planned for Stratford City, and will allow the Olympic organisers to start construction on the Village earlier than anticipated as this land is already prepared and remediated for development.  After the Games the Olympic Village is to be converted to housing.
• Moving the International Broadcast Centre and Main Press Centre from their proposed location in Pudding Mill Lane into the Park security cordon, improving security and providing a better platform for media activity with improved views of the Park and London's skyline.
• Releasing the majority of an area called Fish Island, which was previously earmarked for temporary car and coach parking, and resiting most of the car and coach park in a multi-storey car park already planned for the Stratford City site.

Announcing the updated plans, David Higgins, Chief-Executive designate of the Olympic Delivery Authority (ODA), said the revised plans improve quality and security of the Olympic Park site as well as construction times.

"Having the best possible design plan in place for the Olympic Park is an important part of preparations for the crucial construction phase for the London Games.  The integration of the Olympic Park and Stratford City projects has always been a key factor in our respective abilities to deliver both of these schemes successfully," Higgins said.

Stephen Jordan, Managing Director of the Stations and Property Division of London & Continental Railways, lead partner in the Stratford City development partnership, said: "As the major facilitator of regeneration in the area, we have been keen to ensure that not only are the London 2012 Games a success but also that the legacy delivers the homes and jobs, as well as the commercial and retail facilities that East London needs. We are confident that the revised plans are a very good positive step forward."