The economic impact of Tata Consultancy Services in the UK

Tata Consultancy Services (TCS) commissioned Oxford Economics to calculate their economic footprint in the UK in 2023/24.

We estimate that TCS supported a £3.3 billion contribution to UK gross domestic product (GDP) in FY2024. This is the sum of three channels of impact. Some £1.7 billion was contributed directly by TCS. A further £350 million was contributed by the company’s procurement spending, and the subsequent economic activity that this triggered through TCS’s supply chain—its indirect impact. Finally, the payment of wages by TCS and the firms in its supply chain supported a further £1.2 billion contribution to UK GDP—its induced impact.

The company was also estimated to have supported almost 42,700 jobs across the UK economy in FY2024. TCS directly employed approximately 22,200 people. A further 5,000 jobs were supported along the UK supply chain by its procurement spend, whilst some 15,500 jobs were sustained through wage-induced spending.

Explore the complete findings in our report at the link opposite.

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The experts behind the research

Rob Harbron

Associate Director, Economic Impact

Rob Harbron

Associate Director, Economic Impact

Rob is an Associate Director in the Applied Economic Consulting team within the Economic Impact department.

Since joining Oxford Economics in 2018, he has run many high-profile economic impact studies in the aerospace, defence and transport sectors, including for clients such as BAE Systems, Leonardo UK and the European Express Association.
He has also run environmental impact studies, such as looking at the socioeconomic contribution of the European Commission's Clean Sky 2 aviation R&D programme, and the environmental impact of the German fashion industry.

Rob has previously worked for the economics advisory team of EY, for the macroeconomics team at the Centre of Economics and Business Research, and for marketing analytics company Gain Theory. Rob has an MSc in economics and econometrics from the University of Bristol.
Jordan Mencattelli

Economist, Economic Footprint & Sustainability

Jordan Mencattelli

Economist, Economic Footprint & Sustainability