CBI member Huawei has made a contribution of £956 million to the U.K.’s GDP over the last three years (2012-2014) and currently supports 7,400 jobs directly and through its supply chain. The figures are among those found in an economic impact study commissioned by Huawei and conducted by Oxford Economics.
It is the first time Huawei has had its economic impact in any country independently audited. The impact study also assessed Huawei’s progress in reaching its target of spending £1.3 billion in the U.K. over the five years from 2013-2017, split equally between investment and procurement. Based on its analysis of Huawei’s activities, Oxford Economics concludes that, “Huawei is on track to meet this spending commitment.”
The five-year spending commitment was made in September 2012 by Huawei’s founder and CEO, Ren Zhengfei, in a meeting with U.K. Prime Minister David Cameron. Since 2012, Huawei has acquired the Cambridge-based Internet of Things company Neul, opened a new research and development (R&D) centre in Bristol, helped roll out 4G and broadband networks across the U.K. for customers including EE and BT, begun pioneering the development of 5G technologies, and increased its U.K. workforce from 781 to 1,030 people.
The company now has a presence at 15 locations across the U.K. Huawei’s total contribution to U.K. GDP grew by an average of 23.7% annually between 2012-2014, according to the impact study. Over that time, it sourced goods and services from suppliers based in 70% of the U.K.’s postcode areas, and it made a positive contribution to GDP and employment in all of the U.K.’s regions.
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