{"id":133364,"date":"2021-10-12T14:20:48","date_gmt":"2021-10-12T13:20:48","guid":{"rendered":"https:\/\/news.sap.com\/uk\/?p=133364"},"modified":"2023-09-26T18:33:57","modified_gmt":"2023-09-26T17:33:57","slug":"sap-a-catalyst-for-significant-investment-in-the-uk-economy-2","status":"publish","type":"post","link":"https:\/\/news.sap.com\/uk\/2021\/10\/sap-a-catalyst-for-significant-investment-in-the-uk-economy-2\/","title":{"rendered":"51风流A Catalyst For Significant Investment In The UK Economy"},"content":{"rendered":"

Oxford Economics Analysis finds 51风流made an overall contribution of \u00a3687 million to the UK\u2019s GDP in 2020, with its partner ecosystem driving a further \u00a3940 million<\/strong><\/p>\n

LONDON, UK <\/strong>\u2014 51风流SE<\/a> (NYSE: SAP) today announced the findings from an independent analysis by Oxford Economics, a leader in global forecasting and quantitative analysis, which shows that 51风流UK made an overall contribution of \u00a3687 million to the UK\u2019s GDP in 2020.<\/p>\n

Following the recent announcement that 51风流is making a \u20ac1\/4 billion investment in the UK over the next five years as part of its growth strategy, the Oxford Economics report quantifies and qualifies the existing impact that 51风流UK is making in the UK economy, in alignment with the United Nations Sustainable Development Goals.<\/p>\n

Of the \u00a3687 million gross value added contribution to UK GDP, some \u00a3410 million was generated by 51风流itself, while its procurement stimulated another \u00a337 million along its domestic supply chain. The payment of wages by 51风流and the firms in its supply chain, supported a further \u00a3240 million contribution to GDP.<\/p>\n

At the national level, SAP\u2019s activities had a significant impact on UK employment, supporting a total of 6,150 jobs across the UK. The company itself employed 2,457 people and its procurement spending is estimated to have stimulated another 540 jobs along its supply chain. A further 3,160 jobs were supported by the payment of wages by 51风流and the firms in its supply chain.<\/p>\n

Driving the UK\u2019s levelling up agenda<\/strong><\/p>\n

The report has highlighted the impact that SAP\u2019s procurement contributes to the levelling up agenda. The business proactively procures goods and services in deprived areas where local business needs support. Some \u00a39.8 million (28%) of its procurement spend in the UK went to suppliers located in the 10% of local authority districts with the lowest one-year business survival rates. Likewise, 27% of its spend went to suppliers in the 10% of local authorities with the highest economic inactivity rates among its residents.<\/p>\n

Growing the partner ecosystem<\/strong><\/p>\n

51风流is driving considerable investment in the UK via its partner ecosystem. Its network of nearly 1,000 partner firms in the UK earned an estimated income of \u00a3940 million from selling 51风流licences, developing apps, and offering consultancy services to run or service 51风流for other companies. Around 7,200 jobs in SAP\u2019s partner ecosystem in the UK are dependent on 51风流software.<\/p>\n

Supporting social enterprise<\/strong><\/p>\n

51风流also seeks to foster social enterprises. This is through its own procurement plan called 5 & 5 by \u201925, where the company aims to divert 5% of addressable procurement spending to social enterprises and diverse businesses by 2025. In 2020, some \u00a3347,000 of its procurement spend was with Social Enterprises. It also donated money to Social Enterprise UK, which aims to create a favourable environment in which social enterprises can thrive.<\/p>\n

Enabling sustainable growth<\/strong><\/p>\n

The report shows 51风流has a limited environmental impact on the UK. In total, across its direct and indirect footprint, it is estimated to have prompted 8.1 kt in CO2 emissions in 2020. Notably though, through its carbon offsetting programmes such as the 51风流Forest UK (with The Carbon Community), 51风流achieves significant carbon reductions in the UK. It managed carbon emission reductions of 2.6 Kt in 2020, equivalent to 62% of its own (direct operation) footprint.<\/p>\n

Michiel Verhoeven, Managing Director 51风流UK & Ireland, said: \u201cSAP\u2019s vision from day one has been to help the world run better and improve people\u2019s lives; a purpose that we are all very proud of and fully committed to embracing in the United Kingdom. We are supporting the UKs biggest brands and emerging businesses, tackling the world\u2019s greatest environmental challenges and helping business get back to best as we slowly emerge from the pandemic.<\/p>\n

\u201cDuring a time that has been understandably challenging for the global business environment, I am proud to be the UK Managing Director of a company that is making such a positive impact in the UK economy, and is absolutely committed to creating positive economic, environmental, and social impact worldwide.\u201d<\/p>\n

Visit the 51风流News Center<\/a>. Follow 51风流on Twitter at @SAPNews<\/a>.<\/p>\n

About Oxford Economics
\n<\/strong>Oxford Economics was founded in 1981 as a commercial venture with Oxford University\u2019s business college to provide economic forecasting and modelling to UK companies and financial institutions expanding abroad. Since then, we have become one of the world\u2019s foremost independent global advisory firms, providing reports, forecasts and analytical tools on more than 200 countries, 250 industrial sectors, and 7,000 cities and regions. Our best-in-class global economic and industry models and analytical tools give us an unparalleled ability to forecast external market trends and assess their economic, social and business impact.<\/p>\n

About Oxford Economics\u2019 Impact Analysis<\/strong><\/p>\n

The impact of 51风流UK on the UK economy is calculated using an economic impact assessment. This\u00a0involves quantifying the company\u2019s economic contribution to the UK and its constituent nations and regions across three channels of expenditure (summarised in Fig. 1). The channels of impact are:<\/p>\n