Tata Consultancy Services (TCS) commissioned Oxford Economics to calculate their economic footprint in the UK in 2023/24.
We estimate that TCS supported a £3.3 billion contribution to UK gross domestic product (GDP) in FY2024. This is the sum of three channels of impact. Some £1.7 billion was contributed directly by TCS. A further £350 million was contributed by the company’s procurement spending, and the subsequent economic activity that this triggered through TCS’s supply chain—its indirect impact. Finally, the payment of wages by TCS and the firms in its supply chain supported a further £1.2 billion contribution to UK GDP—its induced impact.
The company was also estimated to have supported almost 42,700 jobs across the UK economy in FY2024. TCS directly employed approximately 22,200 people. A further 5,000 jobs were supported along the UK supply chain by its procurement spend, whilst some 15,500 jobs were sustained through wage-induced spending.
Explore the complete findings in our report at the link opposite.
