Communications giant BT generated £362 million for the South Yorkshire economy in the past year, according to an independent report.
The study by Regeneris Consulting also revealed the company supports nearly 4,500 jobs in South Yorkshire through direct employment, its spending with contractors and suppliers and the spending of employees.
The overall beneficial financial impact of BT activities is expressed as a Gross Value Added contribution and for Yorkshire and the Humber, BT’s GVA totalled £1.13 billion. This is equivalent to £1 in every £90 of the region’s total GVA – of which £362 million was in South Yorkshire. Tom Keeney, BT’s regional director, said the company is having a ‘huge impact’ on the future prospects of the area.