WALTHAM Forest could lose out on the advantages of staging the 2012 Olympic Games, along with the four other ‘host’ boroughs.

Fears have emerged that ambitious plans to change the face of some of the capital’s most deprived areas could be held back without huge effort and cooperation from the Government and Boris Johnson.

Dee Doocey, chairman of the London Assembly’s economic development committee, said east Londoners risked being “left out” without securing cash to firm up the Games’ legacy in terms of “skills, jobs, housing and standard of living”.

Areas where the host boroughs are falling behind the rest of London include unemployment, education and skills.

The targets have been called hugely ambitious and concerns were raised over whether they could be met without the necessary funding being secured.

The economic development committee is now looking into the role of the Olympic Park Legacy Company, responsible for the future of venues and parkland.

It is also in charge of overseeing the future of the benefits to the five ‘host’ boroughs (Newham, Tower Hamlets, Hackney, Waltham Forest and Greenwich).