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BT's pounds 136m boost for North-east economy.

Telecoms giant BT generated pounds 136m for the North-east economy last year, according to a new report.

The study, by DTZ Consulting and Research, also shows that the communications company is responsible for more than 10,000 jobs in the region through direct employment and its spending with contractors and suppliers.

Ray Smith, BT's regional director for the North-east, said: "The Economic Impact of BT in the UK - 200 analyses the positive contributions made by BT through the salaries and wages of employees and contractors, and the beneficial impact of its procurement and overall expenditure around the UK."

The report highlights that, in the North-east region, BT:

* Is responsible for the employment of more than 4,540 people - 3,491 direct employees and 1,058 contractors

* Spending power provides work for a further 2,600 people in the businesses that supply its equipment and services

* Pays average annual salaries and wages of almost pounds 22,000

* Ploughed pounds 15m more into the regional economy through spending and procurement on capital and revenue projects last year

* Committed pounds 1m pounds to community, charity and voluntary programmes, spread around every community in the region in 2005-2006.

BT investment across the North-east includes the multi-billion pound 21st Century Network (21CN) programme to provide the UK with an advanced communications infrastructure in the world, and the upgrading of all 181 telephone exchanges which has brought high-speed broadband services to virtually every home and business.
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Title Annotation:Business Local
Publication:Evening Gazette (Middlesbrough, England)
Date:Mar 16, 2007
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