£160m boost for economy

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BT generated a massive £160 million for the Derbyshire economy in the past year, according to an independent report published last week.

The report, by Regeneris Consulting, also shows that the communications company supports more than 2,000 jobs in the county.

In employment terms, BT’s impact in 2014-15 was larger than the region’s research and development sector.

Around £121 million was spent with regional suppliers.

The overall beneficial financial impact of BT activities is expressed as a Gross Value Added (GVA) contribution.

For the East Midlands the BT GVA totalled £624 million – equivalent to £1 in every £140 of the region’s total GVA – of which £160 million was in Derbyshire.

Tim Fanning, associate director at Regeneris Consulting, said: “Our analysis confirms the sheer scale and reach of BT’s ongoing economic contribution to the East Midlands and the UK as a whole.

“BT makes a contribution to every community across the UK.

“At the UK level, £1 in every £80 of wealth created is attributable to BT – this is one of the single largest contributions to the UK economy by any firm.”

Owen Moody, BT’s regional director for the East Midlands, said: “There are few organisations in the East Midlands that have a larger impact on the day-to-day life and future prospects of the region than BT.

“We are one of the region’s largest private sector employers and investors – our investment in fibre broadband in the East Midlands alone amounts to hundreds of millions of pounds.

“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 full report is available at www.bt.com/reports.