BT Group Contributes £1.2 Billion to the Scottish Economy Annually
One in every eight employees in Scotland’s IT and communications sectors are employed by BT Group.
BT Group generates around £1.2 billion to the Scottish economy every year, according to an independent report published today.
“The Economic Impact of BT Group plc in the UK” report, published by Hatch Regeneris, shows that the communications firm generates £1 for every £110 produced in the Scottish economy.
More than 20,000 full-time jobs in Scotland are supported through BT’s direct employment, its spending with contractors and suppliers and the spending of its employees, the report shows. Last year, BT Group spent more than £178 million with suppliers based in Scotland.
The firm directly employs 7,700 people in Scotland, with an additional 681 employed as contractors. This equates to around one in every eight employees in Scotland’s IT and communications sectors.
Tim Fanning, director at Hatch Regeneris, commented: “Our analysis underlines how vast BT Group’s contribution is to the UK economy, particularly across the nations and regions.
“BT Group is almost unique in contributing to the economies of virtually every community across the UK, supporting significant levels of GVA spend and employment opportunities per region.”
The report from Hatch Regeneris follows a similar report published by PwC, which highlighted that the group is the fifth highest tax contributor in the UK among FTSE 100 companies. It also showed that BT Group is the highest contributor among non-financial companies.
BT Group operates a number of services centres in Scotland, with locations in Thurso and Dundee, along with software development hubs in Glasgow.
Jane Wood, BT Group UK nations and regions director, said: “Few companies play as important a role in Scotland as BT Group. Not only does BT connect friends, families and businesses across the country, but we also put premium fuel in the tank of the nation’s economy.
“We’re proud to be one of Scotland’s largest private sector employers and investors. Our investment, including the latest 5G mobile technology through our mobile network EE, will ensure Scotland continues to be one of the world’s best-connected countries.”
Wood added: “With more than 7,700 directly employed in the country, spending their salaries in local businesses, as well as regularly volunteering on activities such as our Barefoot tech literacy programme in schools, our people are at the heart of nearly every community.”