[OFFICIAL]
Future GVA Impacts
3.27 The Woodsmith Project will directly boost the economic output of the area and the country as a whole. At a national level, this is measured through Gross Domestic Product (GDP). At a sub-national level it is measured using “Gross Value Added” (GVA) which is the difference between the value of a company’s or industry’s output and the cost of the non-labour inputs it uses. 3.28 For indirect impacts, GVA is calculated using the ONS Input-Output tables. These provide data on the proportion of sales value for any given industry that is accounted for by GVA. These typically range between 30% to 50% across different industries but can be higher or lower in outlier cases. Anglo American has estimated the spending that will go to different industries and, using the Input Output tables, it is possible to say on average how much of that spending represents GVA. 3.29 For induced impacts Quod has used the average GVA per worker for Yorkshire and the Humber (YH) and applied that to the estimate of induced jobs. In YH GVA per worker is approximately £57,600 so one induced job equates to £57,600 of GVA.
3.30 Direct GVA is estimated at £2.13 billion for the remaining construction activity; indirect is £2.17 billion and induced is £161 million (totalling £4.5 billion).
Quod | Woodsmith Project | Economic Impact Report | March 2026
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