Report indicates Norse group boosting UK economy by £286m each year

An independent report has indicated that the Norse Group contributes around £286m a year to the UK economy.

Norse Group boosting UK economyExperts from SQW, a leading provider of research, analysis and advice on sustainable economic and social development, calculated that the business supports a Gross Value Added (GVA) of around £286m through its services, wages and procurement of supplies.

In Norfolk the Group supports a GVA of about £129 million. The figure also includes the company’s effect on supplier companies, job creation and the spending power of its workforce.

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.

Including the supplier impacts and spending by employees, the Group supports the employment of an estimated 12,925 people in the UK.

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.”

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