[OFFICIAL]
Boosting the economy on a nationally significant scale
1.8 By significantly increasing economic output, boosting and empowering regional success and skills development, increasing exports, driving productivity and reducing the trade deficit, the Project is exemplary in addressing the UK’s ambitions and challenges. 1.9 When operational, for every £100 of GVA generated across the North East and Yorkshire & the Humber regions, £1 of it will be generated directly by the Woodsmith Project. The scale of exports will be large enough to affect the UK balance of trade by up to 10% - hitting an estimated export value of £2.3 billion annually.
1.10 Current economic modelling is based on an annual output of 13 million tonnes of polyhalite.
1.11 Quod has worked with Anglo American to remodel its impacts based on refined assumptions about build out methodology and investment profile. The revised projections show an increase in economic benefit across the board. These projections relate to the remaining construction period from now until completion. For a quantification of the benefits that have already been accrued, and the combined benefits of past and future benefits, see Section 3 of this Report.
Remaining construction:
Over this period, the Woodsmith Project is expected to support an increased average construction workforce of 1,530 full time equivalent (FTE), with a peak of 2,650 jobs on-site. These works will also support 4,260 indirect and induced jobs every year on average (i.e. one-year jobs, per year). It is expected to generate a total GVA of £4.5 billion 1 . Operation: The Woodsmith Project will support 1,150 direct FTE operational employees. Full operation will also support 3,830 indirect and induced one-year jobs every year. It is expected to generate a total annual GVA of £2 billion (£1.7 billion direct, £300 million indirect and £43 million induced). The scale of exports is large enough to affect the UK balance of payments by up to 10% 2 hitting £2.3 billion annually at 13mpta output. 1.12 Creating over a thousand high-value direct jobs, and many more in the supply chain, could boost the employment rate and increase spending power to deliver indirect economic benefits.
1 Direct, indirect and induced GVA combined 2 Based on 2025 deficit
Quod | Woodsmith Project | Economic Impact Report | March 2026
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