[OFFICIAL]
Total economic impact to date
Table 3:1 Summary of Total Economic Impacts 2017-2025
Regional Within Yorkshire and Humber and the North East
Total
Impact
£3.680 billion iii
Investment
GVA (direct and indirect 28 )
£2.45 billion
£1.94 billion
Indirect and induced jobs (FTE 29 )
2,800 Jobs iv
Indirect and Induced Jobs (annual average one-year jobs)
3,110
Indirect and Induced Jobs (total one-year jobs)
28,000
61-76% Within one hour commute
Peak Construction Employment
Peak of 2,200
Future construction employment
3.17 The construction period going forward will support a further 10,230 direct one-year jobs in construction. By accounting convention, the number of “one-year construction jobs” is divided by ten to provide a full-time equivalent. However, that approach for direct employment would not give a meaningful representation of the number of people who would work on-site at any one time or over the construction period because of the scale and nature of the project (FTE jobs being most useful as metric for indirect and induced jobs). 3.18 Therefore, the most relevant numbers in this case are the peak number of employees on-site and the average over the course of the construction. Some individuals would be on-site for a short period – weeks or months – whilst others might be on-site for the majority of the construction period, such as shaft sinkers. There would be an average of 1,530 jobs each year over and peak of 2,650.
Future Indirect impacts
3.19 As well as the direct benefits of the Project, there will be multiplier effects through construction expenditure by Anglo American directly and by its workers.
3.20 Spending by Anglo American on the materials and services required for construction will increase employment across the supply chain. That will, in turn, support the creation of new jobs at suppliers and those new jobs will in turn mean more wages and more spending by those workers. These are called indirect impacts.
28 Induced GVA has not been modelled for actual construction data 29 10 year FTE – i.e. the equivalent of a permanent full time equivalent job
Quod | Woodsmith Project | Economic Impact Report | March 2026
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