Fraser of Allander Research Shows Clyde Yards Worth Over £238m to Scottish Economy
(Source: BAE Systems; issued March 19, 2007)
GLASGOW, United Kingdom. - Independent research from the Fraser of Allander Institute, commissioned by BAE Systems, has concluded that the Clyde yards contribute over £238 million to the Scottish economy and support almost 4,500 jobs across Scotland.

Using data from January to December 2006, the report shows that for every 100 people that BAE Systems Surface Fleet Solutions employs on the Clyde, the company supports a further 57 jobs in Scotland. Based on the 2006 employee average, this brings the total number of people dependant on the Clyde yards to 4,493.

Key findings:

- BAE Systems Surface Fleet Solutions supports 4,493 jobs across Scotland
- For every 100 people employed directly by BAE Systems on the Clyde, a further 57 are supported
- The company supports £107.7 million worth of wages across Scotland
- Every £100 paid directly to BAE Systems employees supports a further £46 worth of wage income elsewhere.
- The Clyde yards contributed £238.2 million to the Scottish economy between January and December 2006

Vic Emery, managing director of BAE Systems Surface Fleet Solutions, said: “This research demonstrates just how vital the shipbuilding industry remains for thousands of people in Scotland.

“The business continues to thrive year after year, and we will continue to invest in our people and our facilities, to ensure that we remain at the heart of the Scottish economy.

“The economic numbers are significant; the pride and social impact are, of course, beyond measure.”

In a joint statement, the Clyde yards trade union convenors said: “It is a tribute to the men and women of the Clyde that the shipbuilding industry remains such a thriving force and continues to play a major role in the manufacturing industry in Scotland. Clyde built still sets a benchmark for excellence in warship building for customers around the world.”

Data for the research uses an average number of permanent employees for 2006. BAE Systems Surface Fleet Solutions has been actively recruiting throughout 2006 and the start of 2007 and currently employs a total of 3,355 people on the Clyde. The company is also the largest private sector employer of modern apprentices in Scotland.

BAE Systems is a global defence and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With 88,000 employees worldwide, BAE Systems' sales exceeded £13.7 billion pounds sterling (US25.4 billion dollars) in 2006.


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