BT rings up £80m for Dorset economy in past 12 months

Bournemouth Echo: Jon Reynolds Jon Reynolds

BT generated £80million for the Dorset economy in the past year, according to an independent report published this week.

The report, by Regeneris Consulting, also shows that the communications company supports 1,010 jobs across the county through direct employment, its spending with contractors and suppliers and the spending of employees.

In employment terms, BT’s impact on the south west in 2012/13 was larger than all of the region’s research and development. About £100 million was spent with regional suppliers.

The overall beneficial financial impact of BT activities – expressed as a gross value added – for the south west totalled £798 million – equivalent to £1 in every £130 of the region’s total GVA.

Jon Reynolds, BT’s south west regional director, said: “BT and its employees make a major contribution to the Dorset economy.

“They are a key part of its prosperity and economic well-being. BT is at the centre of every community and our day-to-day work benefits every local authority area right across the UK.

“I’m also well aware that BT people throughout the county really want to contribute in a positive way to the communities in which they live and work.

“Every day BT employees help millions of people to communicate, do business, be entertained and stay informed.

“But BT’s role in Dorset and the south west region as a whole is more significant than even these massive figures suggest. In addition to the activities analysed in this comprehensive report, we are creating a high-speed fibre broadband network which will be essential to the future success of local businesses and households.

“The potential benefits to the region offered by that network are huge by any standards.”

The report shows that in the south west BT is responsible for the employment of 5,750 people – 5,490 direct employees and 257 contractors – with employment income of £200m.

It provides work for a further 4,200 people through spending with businesses that supply its equipment and services.

BT committed £2.2million to community, charity and voluntary programmes.

The firm is investing £2.5billion in its commercial fibre broadband roll-out in the UK.

Already more than 1.3 million south west homes and businesses have access to the technology and the company is a major partner in the Superfast Dorset broadband partnership.

Stephen Nicol, MD of Regeneris Consult-ing, said: “Our analysis confirms the sheer scale and reach of BT’s economic contri-bution to the UK and its constituent local economies.”

Comments (4)

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11:19am Thu 19 Dec 13

Townee says...

What a non story. Many companies do the same but don't get this coverage.
What a non story. Many companies do the same but don't get this coverage. Townee

12:07pm Thu 19 Dec 13

The Liberal says...

Sounds like a regurgitated BT press release.
…the company is a major partner in the Superfast Dorset broadband partnership.
For which it is being paid (handsomely) by central and local government!
 
In addition, the Commons Public Accounts Committee concluded that the contract terms were "overly generous" to BT (which has won all the contracts so far), did not "promote value for money" and “BT will ultimately benefit from £1.2bn of public funding.” Committee chair Margaret Hodge added: "The taxpayer has been ripped off with £1.2bn going to the shareholders of BT.”
Sounds like a regurgitated BT press release. [quote]…the company is a major partner in the Superfast Dorset broadband partnership.[/quote] For which it is being paid (handsomely) by central and local government!   In addition, the Commons Public Accounts Committee concluded that the contract terms were "overly generous" to BT (which has won all the contracts so far), did not "promote value for money" and “BT will ultimately benefit from £1.2bn of public funding.” Committee chair Margaret Hodge added: "The taxpayer has been ripped off with £1.2bn going to the shareholders of BT.” The Liberal

1:08pm Thu 19 Dec 13

mahnid2 says...

The Liberal wrote:
Sounds like a regurgitated BT press release.
…the company is a major partner in the Superfast Dorset broadband partnership.
For which it is being paid (handsomely) by central and local government!
 
In addition, the Commons Public Accounts Committee concluded that the contract terms were "overly generous" to BT (which has won all the contracts so far), did not "promote value for money" and “BT will ultimately benefit from £1.2bn of public funding.” Committee chair Margaret Hodge added: "The taxpayer has been ripped off with £1.2bn going to the shareholders of BT.”
BT only won all the contracts as the other suppliers pulled out as it would cost them too much and take too long to recover their costs.

There is alway two sides to a story....

Without BT we'd probably have far less Superfast BB or it'd cost a great deal more.
[quote][p][bold]The Liberal[/bold] wrote: Sounds like a regurgitated BT press release. [quote]…the company is a major partner in the Superfast Dorset broadband partnership.[/quote] For which it is being paid (handsomely) by central and local government!   In addition, the Commons Public Accounts Committee concluded that the contract terms were "overly generous" to BT (which has won all the contracts so far), did not "promote value for money" and “BT will ultimately benefit from £1.2bn of public funding.” Committee chair Margaret Hodge added: "The taxpayer has been ripped off with £1.2bn going to the shareholders of BT.”[/p][/quote]BT only won all the contracts as the other suppliers pulled out as it would cost them too much and take too long to recover their costs. There is alway two sides to a story.... Without BT we'd probably have far less Superfast BB or it'd cost a great deal more. mahnid2

9:01pm Thu 19 Dec 13

The Liberal says...

mahnid2 wrote:
The Liberal wrote:
Sounds like a regurgitated BT press release.
…the company is a major partner in the Superfast Dorset broadband partnership.
For which it is being paid (handsomely) by central and local government!
 
In addition, the Commons Public Accounts Committee concluded that the contract terms were "overly generous" to BT (which has won all the contracts so far), did not "promote value for money" and “BT will ultimately benefit from £1.2bn of public funding.” Committee chair Margaret Hodge added: "The taxpayer has been ripped off with £1.2bn going to the shareholders of BT.”
BT only won all the contracts as the other suppliers pulled out as it would cost them too much and take too long to recover their costs.

There is alway two sides to a story....

Without BT we'd probably have far less Superfast BB or it'd cost a great deal more.
And what about the smaller community-led schemes that have been shelved as a result?
http://www.bbc.co.uk
/news/technology-249
19148
"Some of the niche operators want to deliver better and faster services now, and don't understand how BT can win contracts on what they believe is a weaker product," said Sebastien Lahtinen, founder of broadband news site ThinkBroadband.
[quote][p][bold]mahnid2[/bold] wrote: [quote][p][bold]The Liberal[/bold] wrote: Sounds like a regurgitated BT press release. [quote]…the company is a major partner in the Superfast Dorset broadband partnership.[/quote] For which it is being paid (handsomely) by central and local government!   In addition, the Commons Public Accounts Committee concluded that the contract terms were "overly generous" to BT (which has won all the contracts so far), did not "promote value for money" and “BT will ultimately benefit from £1.2bn of public funding.” Committee chair Margaret Hodge added: "The taxpayer has been ripped off with £1.2bn going to the shareholders of BT.”[/p][/quote]BT only won all the contracts as the other suppliers pulled out as it would cost them too much and take too long to recover their costs. There is alway two sides to a story.... Without BT we'd probably have far less Superfast BB or it'd cost a great deal more.[/p][/quote]And what about the smaller community-led schemes that have been shelved as a result? [url]http://www.bbc.co.uk /news/technology-249 19148[/url] [quote]"Some of the niche operators want to deliver better and faster services now, and don't understand how BT can win contracts on what they believe is a weaker product," said Sebastien Lahtinen, founder of broadband news site ThinkBroadband.[/quote] The Liberal

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