BT’s contribution to Welsh economy grows to £575 million
Telecoms giant BT has generated £575 million for the Welsh economy within the last twelve months, according to a report published this week.
As well as this, the report from Regeneris Consulting shows that the firm supports 7,520 jobs in Wales through direct employment, and its impact on 2014-2015 was larger than the British creative and media sector. It spent around £213 million with local suppliers.
It also highlights how the firm has committed over £1 million to community, charity and voluntary programmes all around the country and how it’s enabled 77 per cent of its employees to work flexibly.
BT is also investing more than £3 billion in rolling out fibre broadband in the UK. In Wales, it’s doing this through Superfast Cymru. So far, it’s provided more than 1.2 million Welsh homes and businesses with access to such broadband.
Tim Fanning, associate director at Regeneris Consulting, said: “Our analysis confirms the sheer scale and reach of BT’s ongoing economic contribution to Wales and the UK as a whole.
“BT makes a contribution to every community across the UK. At the UK level, £1 in £80 of wealth created is attributable to BT – this is one of the single largest contributions to the UK economy by any firm.”
Alwen Williams, BT’s regional director for Wales, said: “There are few organisations in Wales that have a larger impact on the day-to-day life and future prospects of the country than BT.
“We are one of the largest private sector employers and investors in Wales – our investment in fibre broadband in Wales alone amounts to hundreds of millions of pounds – and the services that we provide are a vital part of every community.
“The facts and figures shown in this report highlight the full extent of BT’s contribution to the local economy as we go about the daily business of keeping people connected and introducing new technologies, which are creating fresh opportunities and transforming lives.
“Aside from the company’s activities, the report also draws attention to the positive ways BT people are contributing to the communities where they live and work, whether they are a volunteer for a worthy cause or a local shopper.”
The report also identifies that BT employees in Wales contributed 2,416 volunteering days to charitable causes in 2014, which amounts to in-kind support of almost £750,000. This figure is at 50,500 days in the rest of the UK and is worth more than £15 million.
Williams added: “It’s evident BT people throughout Wales really want to make a positive contribution to the communities in which they live and work. Every day BT employees help millions of people to communicate, do business, be entertained and stay informed.”
Image credit: Simon Cunningham