- £4.9 billion on non-capital goods and services, supporting an estimated £4.2 billion indirect contribution to GDP and 90,000 jobs.
- £2.1 billion spent on capital goods, supporting an estimated £1.9 billion gross value added contribution to GDP and 36,000 jobs.
BP has relationships with a diverse range of UK suppliers, from architectural and engineering services to water transport.
BP’s around 2,860 UK suppliers of goods and services in 2017 are distributed throughout the UK, receiving a total of £4.9 billion.
Some 24% of them were located in London, 22% in the South East, 11% in Scotland and 10% in the Midlands.
In 2017, BP spent £2.1 billion on capital goods from around 670 UK suppliers. Of these, 22% were in Scotland, 20% were in the South East and another 16% were in London.
In addition, nearly £1.6 billion was spent by BP with UK-registered businesses operating abroad.
141,860 British jobs were supported by BP in 2017, with direct UK operations creating £3.4 billion gross value added contribution to UK GDP and employing 16,175 people.
The indirect impact of BP procurement of goods and services and capital expenditure supported an estimated additional 125,690 people in the wider UK economy.
Overall, Scotland, London, the South East and the North West were the biggest jobs beneficiaries from BP’s direct and indirect impacts. BP supported employment equivalent to 1.6% of all employment in Scotland, 0.6% in London, 0.5% in both the South East and the North West, and 0.2% in the North East.
Over the past 50 years, BP has demonstrated a consistent commitment to UK communities through our support of schools, arts and culture, sport, community organizations and charities. In 2018 we are celebrating the 50th anniversary of BP’s support for education in the UK.
BP’s UK employees volunteered 46,950 hours and enabled £3.2 million of contributions to community organizations during 2017. This was a significant increase compared to 2016.
You can find out more about our work at BP in the community
This is a short update to complement the original report by Oxford Economics, BP’s impact on the UK economy, September 2015 and the subsequent updates in 2016 and 2017.
This 2018 summary reflects the economic contribution for the calendar year 2017 and can be read alongside the previous reports for a year-on-year comparison.
In comparison to previous years, our UK economic impact reduced in 2017 in terms of gross value added (GVA) to the UK economy but grew in terms of the number of jobs supported. The principal reasons for these changes were that:
Find out more about the methodology used in performing this analysis.
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BP would like to thank its partners in the production of this publication.
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