SSE has again published an economic impact report alongside its financial results. It demonstrates the scale of economic activity SSE’s operations support across the UK and Ireland.
In Ireland, 2016/17 was another strong year, with SSE contributing €779m, or 0.4% of the country’s entire Gross Domestic Product (GDP). This latest figure takes the company’s overall contribution to the Irish economy to more than €5bn over the last six years.
The study, which was commissioned by SSE and conducted by professional services firm PwC, also revealed that SSE supported over 4,700 jobs in Ireland last year.
In the UK, SSE contributed £9.3bn last year, representing 0.5% of total Gross Domestic Product, while supporting over 100,000 jobs. This brings the total contribution SSE has made to the UK and Irish economies to over £50bn since 2013.
Stephen Wheeler, Managing Director of SSE Ireland, said:
“SSE is extremely proud of the contribution we’re making to the Irish and UK economies, as well as the number of jobs our business is supporting. Through our continued investment in the energy markets in Ireland and Northern Ireland, SSE is delivering highly-skilled jobs, boosting local business, and supporting major infrastructure projects. In the last year, SSE’s operations in Ireland have contributed almost €800m to Irish GDP, equivalent to the expected economic benefit of Ireland hosting the 2023 Rugby World Cup, and bringing SSE’s overall contribution to the Irish economy since 2012 to over €5bn.
“We know that the performance of our business is about much more than just our financial results. For that reason SSE publishes an economic impact assessment, alongside our financial results, showing our wider contribution to society across Ireland and the UK.”
SSE aims to be one of the most transparent companies for reporting in the FTSE 100 and is accredited by the Fair Tax Mark for its clear and open accounting practices and approach to tax.
To read the full report click here.