Norwich Norse | News | Norwich Norse contributes to Group’s economic impact

Norwich Norse contributes to Group’s economic impact

November 2015

A recent independent report has indicated that Norse Group and its subsidiaries are contributing around £286 million a year to the UK economy.

 

Norse’s success is bringing jobs and prosperity worth millions of pounds to communities across the UK, according to a detailed new report by SQW, a leading provider of research, analysis and advice on sustainable economic and social development.

 

Experts estimate that the business group supports a Gross Value Added (GVA) of around £286 million in the UK through its services, wages and procurement of supplies. The figure also includes Norse’s effect on supplier companies, job creation and the spending power of its workforce.

 

In total the Group directly employs 9,650 people in the UK, across a range of full-time, part-time and other employment arrangements. Including the supplier impacts and spending by employees, the Group supports the employment of an estimated 12,925 people in the UK.

 

In 2014/15, Norse Group total turnover was an estimated £264 million, an increase of a third from SQW’s last study in 2012.

 

The in-depth and independent report highlights Norse’s growing economic importance – nationally and locally – and praises its approach to staff training, work inclusion, community engagement and charitable giving.

 

The group brings together Facilities Management provider Norse Commercial Services, property, design and management specialists NPS and care homes operator NorseCare.

 

Mike Britch, Managing Director of the Norse Group and NPS said, “I am delighted that this latest report has confirmed how the Norse Group is going from strength to strength, even in these challenging and pressured times.  In the past two years our staff numbers have increased by over 750 and turnover is up by over £40m. We support communities with local job opportunities and are now renowned for providing excellent care provision to older people in Norfolk.  In fact, the Group now has a growing reputation in the Care sector as evidenced by being shortlisted recently for several national Care awards.

 

Peter Hawes, Managing Director of Norse Commercial Services, said, “We have always been extremely proud of the important role Norse plays across the UK – and that has now been both highlighted and reinforced by the findings of this comprehensive analysis. The remarkable figures detailed by SQW’s economists in the report speak for themselves and confirm the strength of our business and our commitment to social value.” 

 

Geoff Tucker, Sales Director of Norse Commercial Services, commented: “Norse’s growth over the last couple of years has been dramatic, thanks to our local joint ventures such as Norwich Norse. We are delighted that the expert economists at SQW have been able to demonstrate in detail the real difference Norse is making to local communities, workforces and businesses.