[OFFICIAL]
Table 1:1 Summary of Past and Future Construction Impacts 2017 to date
Scale of impact
Peak Construction Employment
2,200
Direct Jobs (annual average)
1,220
Indirect and Induced Jobs (annual average one-year jobs)
3,110
Total Indirect and Induced FTEs 3
2,800
GVA (direct, indirect 4 )
£2.45 billion
Direct GVA within YH and NE
£1.94 billion
Future construction impacts from 2026
Scale of impact
Peak Construction Employment
2,650
Direct Jobs (annual average)
1,530
Indirect and Induced Jobs (annual average one-year jobs)
4,260
Total Indirect and Induced FTEs 5
2,840
Direct, Indirect and Induced GVA (over the construction period)
£4.5 billion
£1.7 billon 6
Direct GVA (over the construction period within YH and NE)
Employment multiplier (Type II)
3.78
GVA multiplier (Type II)
2.09
Table 1:2 Summary of Operational Impacts
Permanent
Scale of impact
Direct Jobs
1,150
Indirect and Induced Jobs (one-year jobs per year)
3,830
Direct GVA (per year)
£1.7 billion
Indirect GVA (per year)
£300 million
Induced GVA (per year)
£43 million
£2.3billion (up to 10% reduction)
Value of Exports (Effect on UK’s trade deficit 7 )
Employment multiplier (Type II)
4.33
GVA multiplier (Type II)
1.194
3 10 person years of employment – equivalent to 1 full time permanent job 4 Induced GVA has not been modelled for actual construction data 5 10 person years of employment – equivalent to 1 full time permanent job 6 Projecting 2017-2025 benchmarks forward 7 Based on 2025 deficit
Quod | Woodsmith Project | Economic Impact Report | March 2026
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