SecurityWorldMarket

27/01/2015

G4S impacts on UK economy

Crawley, West Sussex

G4S’s activities supported over 56,000 UK jobs and directly contributed £1.04 billion to the UK economy in 2013, according to analysis by Warwick Economics and Development, the specialist economic consultancy.

According to G4S, this analysis quantifies the impact the company has on the UK through income and employment generated by the company as well as quantifying the impact due to spending by G4S staff and suppliers’ staff.

Regional President for G4S in the UK and Ireland, Peter Neden, said:  “This report underlines G4S’s positive impact to the UK’s regions and communities. Last year, we contributed more than £1.5 billion to the economy and we employed around 40,000 people. An additional 9,000 jobs were maintained through our supply chain and around half of our suppliers were small and medium sized businesses.

“This contribution is the effect of thousands of G4S colleagues across the country adding value to our customers and communities by providing public services and keeping people, cash and other assets safe. I look forward to continuing to strengthen our business in the UK in the year ahead so we can continue to bring benefits to our economy and society.”

Managing Director of Warwick Economics & Development, Georgia Siora, said: “This study shows the significant contribution global companies like G4S can have on the economies in which they operate. G4S is a major UK employer, contributed over £1.53 billion to the economy in 2013, and is involved in a wide range of community development and support activities across the country.”


Tags

Product Suppliers
Back to top