A recent report reveals that a major fast-food chain is contributing nearly £400 million annually to the South West of England’s economy. This report, commissioned to mark the chain’s 50th anniversary in the UK, offers a comprehensive analysis of its economic footprint in the region. The chain first opened in the UK in Woolwich, London, in 1974 and now operates approximately 1,435 outlets nationwide, including 102 in the South West.
The report examines both direct and indirect economic contributions, indicating that the chain’s direct economic input in the South West amounts to around £263 million annually. When considering the supply chain, the total economic impact increases to £394.6 million. Overall, the chain employs 12,305 people in the region, with significant job creation in key cities last year, including over 1,200 jobs in Bournemouth and more than 1,000 in Bristol. Other cities such as Swindon, Plymouth, Gloucester, and Exeter also benefited from hundreds of new roles.
Ralph Parker, who operates 12 restaurants in the South West and Wales, commented on the positive effects of job creation and economic contributions. “Creating and sustaining jobs across the South West is of huge importance to me, and the fact that we have been able to make a significant financial contribution to the area is something my team and I are very proud of,” he stated.
Besides direct employment opportunities, the South West is home to one of the chain’s largest dairy suppliers, Schreiber Foods located in Gloucester. Collaborations with partners like Schreiber Foods contribute an additional £131.3 million annually to the regional economy, generating 1,785 extra jobs. Parker highlighted the broader community impact, stating, “We have so many opportunities available to young people and it’s great to see so many of them taking advantage and gaining qualifications while they work – there is no longer a need to decide between learning and earning.”
Further data from the report shows that the chain and its supply chain are worth an estimated £7.25 billion yearly to the UK economy. Over the past 50 years, this figure totals £94.45 billion, with £51.56 billion spent within the UK supply chain. These figures underscore the extensive economic benefits that the chain has provided nationally over half a century.
This comprehensive report highlights the substantial economic contributions of a major fast-food chain in the South West. Through both direct employment and its broader supply chain, the chain plays a crucial role in the regional economy, offering significant financial input and job opportunities. As the chain celebrates its 50th year in the UK, the data underscores its lasting economic impact.