BT Group reports £592m contribution to NI economy annually

A new report commissioned by BT Group estimates that it contributes £592m annually to the economy in Northern Ireland, in part due to directly employing 3,230 people.

A report entitled "The Economic Impact of BT Group plc in the UK" recently put together by economic consultancy Hatch Regeneris on behalf of the group has attempted to quantify the impact that BT Group has on the UK economy. The report includes some interesting stats on Northern Ireland, indicating a net contribution (both direct and indirectly generated) to the NI economy of £592m GVA last year.

BT Group employs 3,230 people in Northern Ireland, with 2,650 directly employed and 579 additional contractors. The group estimates its total impact through spending with outside contractors, suppliers, and employee spending has a total reach of the equivalent of 6,980 full-time jobs in Northern Ireland. The report is based on figures from Openreach, mobile network provider EE, and BT’s Consumer and Enterprise divisions.

Jane Wood, BT Group UK nations and regions director, commented on the report: "Few companies play as important a role in Northern Ireland as BT Group. Not only does BT connect friends, families and businesses across the UK, but we also put premium fuel in the tank of the nation’s economy. The report shows that BT generates £1 in every £65 of wealth in Northern Ireland."

Source: BT Press Release