Study re­veals role of nhs in econ­omy

South Wales Echo - - News -

MORE than 10% of the Welsh work­force is em­ployed in the NHS, new re­search shows.

The study, car­ried out at Cardiff Busi­ness School’s Welsh econ­omy re­search unit, de­tails what the or­gan­i­sa­tion gen­er­ates in terms of jobs and wages – both di­rectly to its em­ploy­ees as well as to ser­vices and com­pa­nies that sup­ply and main­tain NHS ac­tiv­ity in Wales.

Co-au­thor Dr An­nette Roberts said: “Our find­ings show NHS Wales is a sig­nif­i­cant player in the lo­cal econ­omy. Even small changes to fund­ing streams could have sig­nif­i­cant eco­nomic ef­fects.”

Key find­ings show:

■ ■NHS Wales di­rectly sup­ported around 76,600 full-time equiv­a­lent jobs (ex­clud­ing agency work­ers) across the whole of Wales in 201617. This em­ploy­ment was linked with £3.3bn of salaries and wages; ■ ■Nearly 33,000 jobs out­side the health sec­tor are sup­ported by NHS Wales ac­tiv­ity – such as man­u­fac­tur­ing, busi­ness ser­vices, whole­sale, re­tail and con­struc­tion; ■ ■Al­most 14,000 firms and or­gan­i­sa­tions sup­ply NHS Wales with goods and ser­vices. More than 6,500 of these are based in Wales; ■ ■In to­tal, NHS Wales is es­ti­mated to sup­port al­most 145,400 jobs and £5.4bn of gross value added (GVA). This ac­counts for 11% of to­tal Welsh em­ploy­ment and 9% of Welsh GVA;

■ ■Ev­ery £1bn of di­rect NHS rev­enue spend­ing sup­ports al­most 19,000 jobs in the Welsh econ­omy.

Co-au­thor Pro­fes­sor Max Mun­day added that NHS spend­ing plays a sta­bil­is­ing role in the lo­cal econ­omy and that this spend cre­ates eco­nomic op­por­tu­ni­ties right across Wales.

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