BT contributed £2bn to the North West economy during the last year, according to new data.
An independent study has revealed that the telecoms giant and its mobile network brand EE support over 27k jobs in the region through direct employment, their suppliers and contractors, and the spending of employees.
Published today (November 7) by research firm Regeneris Consulting, the report – titled The Economic Impact of BT and EE in the UK – was welcomed by the Confederation of British Industry (CBI).
The CBI’s North West director, Damian Waters, said: “This latest research demonstrates the extent to which BT plays a key role in our local communities.
“There is not a businessperson or family in this region who – directly or indirectly – is not affected by BT’s activities as a supplier of essential services, such as superfast broadband, major employer, investor or purchaser.”
He added: “In a competitive world, in which trade and relationships increasingly transcend regional and national boundaries, rapid and effective communications are ever more vital.”
In terms of employment, the impact of BT and EE in the 2015-16 financial year was bigger than the North West’s publishing and broadcasting sector, according to the report.
Almost 9,360 staff and contractors are directly employed by BT and its EE brand in the North West, with a total income of about £289m. Further, around £801m was spent with region’s suppliers.
Overall, the firm’s activities expressed as a Gross Value Added (GVA) contribution stood at £2bn, which is £1 in every £80 of the region’s total GVA.