Company News Direct Contact Us
 

BT’s £100 Million Boost For The North Yorkshire Economy

11 January 2011
United Kingdom
Company: BT Broadband

External Link: www.bt.com

BT generated a massive £100 million for the North Yorkshire economy last year according to a report published today.

The report, by DTZ Consulting, also shows that the communications company supports 2,500 jobs in the county through direct employment, expenditure with contractors and suppliers and the spending of its employees.

The overall beneficial financial impact of BT activities is expressed as a “Gross Value Added” (GVA)* contribution. For North Yorkshire, the BT GVA totalled £100 million while across Yorkshire and the Humber BT boosted the economy by £730 million..

John Anderson, BT’s regional director for Yorkshire and the Humber, said: “BT contributes some very big numbers to North Yorkshire’s bottom line. These latest figures confirm the unique and vital role the company plays in the prosperity and well-being of the county.

“Every local authority area and every part of society benefit from our day-to-day activities and our commitment to be at the heart of every community. BT people across the county have a genuine desire to make a positive contribution to their society.

“It is vital as a business that we continue to grow and help our customers, stakeholders and employees to thrive as we work together to create a more prosperous North Yorkshire.”

‘The Economic Impact of BT in the United Kingdom’ report analyses the positive contributions made by BT through the salaries and wages of employees and contractors, and the beneficial impact of its procurement and overall expenditure around the UK. The report highlights that BT in Yorkshire and the Humber –

  • Is responsible for the employment of 6,460 people – 5, 567 direct employees and 893 contractors – with a total income of £198 million;
  • Provides work for a further 12,140 people through the company’s expenditure with businesses supplying its equipment and services and the spending of its workers;
  • Spent £384 million with suppliers based in Yorkshire and the Humber last year;
  • Committed more than £2.2 million to community, charity and voluntary programmes in Yorkshire and the Humber in 2009/10;
  • Has enabled about 80 per cent of its employees to work flexibly, with 692 home workers – 12.4 per cent of the direct regional workforce.

More than 99 per cent of homes and businesses across the region and the UK as a whole now have access to broadband. Speeds are improving and BT continues to invest in fibre-based super-fast broadband. BT has so far announced plans to make super-fast broadband available to more than 350,000 homes and businesses in Yorkshire and the Humber in locations including York and Harrogate.

In UK terms, BT’s GVA contribution is assessed at nearly £13 billion – 1 per cent of the UK’s total. It supports 270,000 jobs with a total value of £37 billion and last year spent £7.7 billion with UK-based suppliers.

Russell Whyte, an associate director and economist with DTZ Consulting, said: “The interesting thing about BT is that it is genuinely national, creating impact in every local community across the UK. The proportion of its total spend retained in the UK this year is notably higher than the average for the telecoms industry generally, which boosts its overall impact.”

www.bt.com

ENDS

Tags:

BT, North Yorkshire, economy

www.bt.com

Add A Comment

Your Name:
Email: (Not Published)
Your Comment:
Complete this sum 291 plus 2 = then click
Other BT Broadband News
Top Telecoms Executive To Open New Super-fast Broadband Training Centre In Bodmin
Bt Announces Price Updates – Then Freezes Key Prices Until 2013
Free BT Pub Wi-fi Behind London Heineken Hubs
Nigel Stagg To Be New BT Wholesale Chief Executive
Super-fast, Fibre-based Broadband Goes Live In Two More Greater Manchester Communities
Faster Broadband Coming To Another 150,000 Scottish Homes And Businesses
Traditional Upholstery Business Celebrates Becoming Cornwall’s 1,000th Superfast Broadband Customer
London Community Groups Urged To Grab Chance To Get Online
South East Community Groups Urged To Grab Chance To Get Online
New Apprentices Boost London Super-fast Broadband Roll-out

Search News

News By Company

News By Date