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Huawei makes £956m contribution to UK GDP since 2012 and supports 7,400 jobs

Company “on track to meet” £1.3bn five-year UK spending target, according to economic impact study from Oxford Economics

London, UK, 15 June 2015: Huawei, a leading global information and communications technology (ICT) solutions provider, has made a contribution of £956m to UK GDP over the last three years (2012-2014) and currently supports 7,400 jobs directly and through its supply chain.

The figures are among those found in an economic impact study commissioned by Huawei and conducted by Oxford Economics. It is the first time Huawei has had its economic impact in any country independently audited.

The impact study also assessed Huawei’s progress in reaching its target of spending £1.3bn in the UK over the five years from 2013-17, split equally between investment and procurement. Based on its analysis of Huawei’s activities, Oxford Economics concludes that “Huawei is on track to meet this spending commitment”.

The five-year spending commitment was made in September 2012 by Huawei’s founder and CEO, Ren Zhengfei, in a meeting with UK Prime Minister David Cameron.

Secretary of State for Culture, Media and Sport, John Whittingdale, said: “In 2012 the UK government welcomed Huawei’s five-year spending commitment as a sign that Britain was open for business and was attracting some of the world’s biggest businesses to invest here. I’m pleased to see the progress Huawei has made since then. It is a clear vote of confidence in Britain’s highly-skilled workforce and a recognition of the success we've had in creating the right environment for businesses to grow and flourish.”

Ken Hu, Huawei Group Rotating CEO and an executive director on the Huawei UK Board, said: “The UK is rightly known as a country which has an outstanding record in fostering business growth and pioneering technological innovations. These attributes make it one of our most important markets internationally. We are proud to make a contribution to the UK economy through our products and services and the ground-breaking innovation and R&D that we carry out in Britain. The impact report confirms the benefits we bring, but also indicates areas where can improve.”

Lord Browne, Chairman of the Huawei UK Board, said: “Huawei is a major investor in the UK, dedicated to making sure that the UK remains a leader in the global ICT sector. Through the more than 1,000 staff we employ directly and the 6,000 employees we support through our supply chain, Huawei is showing its commitment to creating a world-class, highly skilled workforce here in the UK. Huawei will continue to invest in R&D and develop closer ties with customers, industry partners and leading British universities as we look to guide the company during its next phase of growth.”

Since 2012 Huawei has acquired the Cambridge-based Internet of Things company Neul, opened a new R&D centre in Bristol, helped roll out 4G and broadband networks around the UK for customers including EE and BT, begun pioneering the development of 5G technologies, and increased its UK workforce from 781 to 1,030 people. The company now has a presence at 15 locations across the UK.

Huawei’s total contribution to UK GDP grew by an average of 23.7% annually between 2012-14, according to the impact study. Over that time it sourced goods and services from suppliers based in 70% of the UK’s postcode areas and it made a positive contribution to GDP and employment in all of the UK’s regions.

The full report can be found at:
http://www.huawei.com/ilink/uk/download/HW_441177

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