Abstract
Project Report: The Economic Impact of Tata Steel in Wales Verina Pinto and Calvin Jones, Welsh Economy Research Unit, Cardiff Business School.
Highlights
In Summer 2011, the Welsh EconomyResearch Unit undertook an assessment of the economic and social impact of the operations of Tata Steel in Wales
Wales were used to examine the direct and ‘multiplier’ impacts of Tata Steel activities; that is to say the on-site employment, output and gross valueadded (GVA) plus that generated across the Welsh economy as Tata buys goods and services from Welsh supply chains, and as Tata employees spend money in the region. This is a timely update to earlier WERU work examining the economic significance of steel in Wales, using the same analytical tools1
Including at subcontractors used during the industrial processes and in transporting final products, as well as more generally in business services
Summary
Wales were used to examine the direct and ‘multiplier’ impacts of Tata Steel activities; that is to say the on-site employment, output and gross valueadded (GVA) plus that generated across the Welsh economy as Tata buys goods and services from Welsh supply chains, and as Tata employees spend money in the region This is a timely update to earlier WERU work examining the economic significance of steel in Wales, using the same analytical tools. There will be thousands of employees and many millions of value-added created in firms supplying Tata – including at subcontractors used during the industrial processes and in transporting final products, as well as more generally in business services These impacts travel back along supply chains as Tata’s direct contractors themselves purchase inputs from other. With the exception of some data on subcontractors, necessarily limited by third-party privacy considerations, we have fully up-to-date, detailed and high quality information with which to inform the economic impact estimates presented below
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