UK takeaway sector valued at £9 billion

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The takeaway industry is now worth £9 billion to the UK economy, according to the first ever economic impact assessment of the sector.

The analysis, conducted by independent economists the Centre for Economic and Business Research (Cebr) on behalf of Just East, shows the takeaway sector contributed £4 billion in gross value added (GVA) to the UK economy last year, equivalent to one eighth of the entire food services industry.

Additionally, every £1 in GVA generated by the sector stimulated an additional 54p throughout the industry supply chain. When including the spending of takeaway employees and the workers along the sector’s supply chain, each £1 of takeaway GVA supports an additional £1.08 of GVA.

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Taking account of these multiplier effects, the total contribution of the takeaway sector is estimated at £8.3 billion in 2014 – equivalent to 0.5% of UK GDP last year, according to the report.

The takeaway sector supported more than 220,000 direct jobs in 2014. Adjusting for the proportions of full and part-time jobs, it represents the equivalent of 153,000 full-time equivalent (FTE) jobs.

Total employment in the takeaway industry rose by 10% from 2012 to 2014 and by nearly 17% over the past five years, mirroring the wider growth the sector has seen.

In addition to the people employed directly in the sector, the knock-on economic impact of the industry supports a further 72,000 FTE jobs, of which 38,000 are indirect jobs in the supply chain, and 34,000 are induced jobs in the wider economy. The sector is expected to generate another 30,000 jobs over the next five years.

Tags : foodresearchtakeaway sector
Andrew Seymour

The author Andrew Seymour

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