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Birmingham Post
Birmingham Post
Business
Lauren Phillips

The £1bn impact of Welsh Water on the Welsh economy

Welsh Water contributes more than £1bn to the Welsh economy each year while supporting more than 9,100 jobs across Wales.

An analysis of its economic impact, undertaken by Cardiff University, shows it has a direct impact from its operational and capital activities of £684m with a further £394m generated indirectly through its supply chains.

The company, which employs over 3,000 people in Wales, contributes £500m of GVA (gross valued added) to the Welsh economy - an increase of more than 20% since 2013. The report found that every £1m of Welsh Water’s direct GVA is estimated to support a further £1.27m GVA in the Welsh economy. While 58% of expenditure, equivalent to almost £400m, was retained in Wales - up from £214m in 2013.

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