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University of Strathclyde, Fraser of Allander Insitute - The economic contribution of British Allied Trades Federation Industries
New Report Highlights £70.2 Billion Contribution of BATF Industries to the UK Economy A new independent report by the Fraser of Allander Institute at the University of Strathclyde highlights the significant contribution industries represented by the British Allied Trades Federation (BATF) make to the UK economy.
Commissioned by BATF on behalf of the National Association of Jewellers (NAJ), Surface Engineering Association (SEA) and Home and Gift Association (HGA), the report estimates that BATF-supported industries contribute £70.2 billion in Gross Value Added (GVA) and support more than 1 million jobs across the UK.
Key findings include:
The jewellery production, trade and repair sector contributes £9.8 billion in GVA and supports over 130,000 jobs.
The surface engineering industry contributes £2.9 billion in GVA and supports 36,500 jobs.
The gift economy supports £58.2 billion in GVA and around 844,500 jobs.
Using detailed economic modelling and industry case studies, the report demonstrates the vital role these sectors play in supporting economic activity, employment, innovation and consumer demand across the UK.
The research also provides a framework for tracking the economic impact of BATF industries over time and highlights the diverse range of businesses represented across BATF member associations, from independent craftspeople and retailers to advanced manufacturing companies