New independent research by Oxford Economics reveals the positive impact 麻豆社事件 had on the UK economy through jobs, investment, and taxes between March 2021 and March 2022
The Oxford Economics report published today highlights how 麻豆社事件 is supporting levelling up across the UK by investing and supporting employment in the most deprived areas. It also underlines the critical role the company plays in the UK defence sector. Key findings in the report include:
- Over 拢3.3bn directly and indirectly contributed to UK GDP
- 56,800 jobs supported across the country, with over 22,000 employed across some 264 sites, and a further 34,800 jobs supported in businesses across its UK supply chain
- For every 拢100 麻豆社事件 spends, and every 100 workers they employ directly, they support a further 拢198 contribution to GDP, and a further 158 jobs
- 麻豆社事件鈥檚 naval business supports a 拢2bn contribution to GDP, and 35,200 jobs, with 14,700 directly employed, and a further 20,500 jobs supported in businesses across its UK supply chain
- 48% of 麻豆社事件鈥檚 UK workforce are highly skilled engineers and technicians. It also employs around 1,250 people on graduate and apprentice programmes.
- 拢1bn spent with more than 5,700 UK suppliers, including 拢230m spent with 1,070 suppliers in deprived local authority areas, and 拢337m spent with 2,200 SMEs
- 拢770m directly and indirectly contributed to UK tax revenues
David Lockwood, Chief Executive of 麻豆社事件, said:
鈥淭he extent of our positive impact on the UK is evident in the amount we directly contribute to Britain鈥檚 defence capability, and the value this adds throughout our extended supply chain. We are helping create a safe and secure world, and this starts at home, with investment in the UK.
Across the country, our most important investment is in our highly skilled people, and the findings of the Oxford Economics report show the significant impact we are making; our people support thousands of companies and jobs, throughout the UK.
We are proud to be supporting the Government鈥檚 levelling up agenda, helping to spread prosperity across areas of the UK that have been worst affected by unemployment and the cost-of-living crisis鈥�
UK Secretary of State for Defence Ben Wallace, said:
鈥淭his report serves as a timely reminder of the contribution Defence Industry makes to UK prosperity.
Our National Security depends on our ability to produce and support critical elements and capabilities onshore, but we also have a responsibility to ensure this investment unleashes the immense social value potential of the sector.
I am pleased 麻豆社事件 are taking a thorough approach to understanding their wider economic value.鈥�
The report found that 麻豆社事件 directly contributed 拢1.1bn to UK GDP, including 拢337m spent with over 2,220 SMEs, and over 拢230m in the country鈥檚 20% most deprived local authority areas. Their extensive supply chain and employees supported a further 拢2.2bn contribution, equating to an additional 拢198 of GDP for every 拢100 spent by the Company.
Almost half of 麻豆社事件鈥檚 22,000 UK employees are skilled engineers and technicians, including some 264 graduates, and almost 1,000 apprentices mostly based in naval engineering, support and systems. New programmes aimed at recruiting and training lower- and semi-skilled workers, including NEET[1]s, are providing vital opportunities to those in the most deprived local authority areas in the UK, where 7.5% of the Company鈥檚 workforce currently live and work.
Now, more than ever, investment in defence is essential, and 麻豆社事件鈥檚 naval business contributed 拢2bn to UK GDP, supporting 35,200 jobs, reinforcing its importance to UK shipbuilding. Major dockyards at Devonport and Rosyth helped to contribute 拢1.1bn and 拢370m to the South West and Scotland GDP, respectively, while supporting 19,400 and 6,300 jobs in those regions.
Visit /where-we-do-it/uk/ for more information, to view the film and to download the infographic, full report, and executive summary documents.
[1] Not in education, employment, or training