Recent Release | 13 Oct 2021
The economic impact of SAP in the UK
Economic Consulting Team
Oxford Economics
SAP supported a £687 million contribution to UK GDP, sustained 6,150 jobs across the country, and generated £242 million of UK tax revenues in 2020, according to research by Oxford Economics. For every 100 people employed at the company itself, the expenditure of the company, its staff, and its suppliers’ staff supported a further 150 jobs around the rest of the UK.
On top of its own economic contribution, its Partner companies located across the country support further economic activity as they build, service, and support SAP solutions. Around 7,200 SAP-related jobs, and £940 million in revenues were supported throughout SAP’s Partner Ecosystem.
This report, commissioned by SAP, takes stock of the company’s economic, social, and environmental impact in 2020, as the company announces a €250 million investment into cloud-based services in the UK over the coming five years.
In looking at SAP’s contribution to the UK, the study analysed the role SAP plays in upskilling its staff. It provided over 78,000 hours of training to its employees in the 18 months to June 2021. Supporting efforts to upskill young people, it hired 59 placement students from 30 different UK universities, while its apprenticeship programme launches this year. Finally, the study analyses SAP’s economic footprint in the UK. It offsets 62% of its direct carbon emissions in 2020, as it targets carbon neutral operations by 2023.
About the team
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 included:
Andy Logan
Director of Industry Consulting
+44 203 910 8051
Andy Logan
Director of Industry Consulting
London, United States
Andy Logan leads our Consultancy offer on different industries for clients. He undertakes studies forecasting the demand for company’s products, analysing the drivers of different industries growth, and assessing the size of different markets and industries. He also investigates the competitive pressures and opportunities facing industries now and in the future. Another area, where he has a keen interest is in studies assessing the demand and supply of labour for different industries and occupations, identifying potential skill shortages and implications for migration.
He has worked with clients in most industries, and in many countries of the world.
Prior to joining Oxford Economics, Andy worked in a variety of economist roles at the Bank of England for 15 years. His research focused on the labour market, commodity and producer prices, UK trade flows, and the performance of UK banks. He holds an MSc. and BA. degrees from the universities of London and Leicester.
James Bedford
Senior Economist
+44 (0) 203 910 8133
James Bedford
Senior Economist
London, United Kingdom
James is an Economist working within the consultancy division of Oxford Economics.
James first joined Oxford Economics in July 2016 as part of his industrial training scheme, when he spent the year assisting the economic impact team with a wide range of projects. Following his industrial placement, James returned to Newcastle University to complete his BSc in Economics. For his dissertation, James was awarded the European Award for Aviation Economics by the German Aviation Research Society. He has re-joined the consultancy division working primarily with economic impact studies.
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