Economic Impact

A Great British Success Story

Sirius Minerals' polyhalite project in North Yorkshire and Teesside is a £3.2 billion capital investment that will generate £100 billion for the UK economy over the next fifty years. The Project will increase economic output, boost regional growth, increase exports, drive productivity and reduce the trade deficit, helping to address the UK’s ambitions and challenges as it leaves the European Union.

You can read more about our economic impact by reading the independent report published by economic consultants Quod, at the bottom of this page.

 

£100bn boost to UK economy over 50 years

ECONOMIC GROWTH AND PRODUCTIVITY

£2.3 billion annual contribution to UK GDP
Productivity 50× the national average
Tax receipts of £470m per annum

 

JOB CREATION

1,000 long-term, high-skilled operational jobs
1,500 jobs in the supply chain
1,700 construction jobs at peak
Over 4000 Jobs

 

£2.5 bn annual exports

LARGE SCALE EXPORTS

Reduce UK’s trade deficit by 7%
Trade deals in the Americas, Asia, Africa and Europe
Supply contracts worth £2 billion already secured

 

BOOST THE NORTHERN ECONOMY

Largest private sector investment in the North
Jobs with salaries double the regional average
£80m annual local royalty payments
18% Increase in the size of Tees Valley economy

 


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