The contribution of Thales to the UK economy
Thales commissioned Oxford Economics to undertake a comprehensive assessment of its contribution to the UK economy. In this report, we demonstrate how Thales directly contributes economic value to the country in terms of annual GDP generated, employment supported, and tax revenues raised. In addition, we consider the role of UK supply chain spending by Thales’s UK and overseas businesses, and the impact of wage-related spending by Thales’s UK employees and those in the Group’s UK supply chains.
We found that Thales contributed £1.7 billion to the UK economy in 2017, supported 27,200 UK jobs and carried out £130 million of research and development work. In addition, Thales adds value to the UK economy through the innovative products and services it provides and through programmes to develop engineering interest and skills among the country's school students and young people.
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Andrew P. Goodwin
Associate Director, Economic ImpactEmail