Babcock supporting one in every 550 jobs in the UK
New independent research by Oxford Economics reveals how defence company Babcock International Group (Babcock) drives growth across the UK economy through jobs, investment in the supply chain, and tax contributions.
Copied to clipboard
Image courtesy Babcock International Group
The Oxford Economics report published today shows the FTSE 100 company made a total contribution of £4.3 billion to UK GDP in FY2024, a significant increase of £1 billion since FY2022. For every £1 spent with Babcock on UK defence, £3 goes back into the UK economy.
The Oxford Economics report published today shows the FTSE 100 company made a total contribution of £4.3 billion to UK GDP in FY2024, a significant increase of £1 billion since FY2022. For every £1 spent with Babcock on UK defence, £3 goes back into the UK economy.
Over the last two years, Babcock has substantially grown the number of UK jobs that it supports to 67,000 across the country, equivalent to one in every 550 jobs in the UK.
Other key findings include:
• Significant impact on the UK’s regional economies, including over 12,000 staff directly employed in the South West of England and 5,400 in Scotland
• 1,800 people being trained through Babcock’s graduate and apprenticeship programmes
• An estimated total tax contribution of £1.1 billion to the UK Exchequer, directly and indirectly
• £550 million spent with UK Small & Medium Enterprises (SMEs), supporting more than 3,800 businesses
David Lockwood, Chief Executive of Babcock, said:
“We are proud of the role we play across the country.
“We are proud of the role we play across the country.
“Babcock doesn’t just help protect the UK; we are helping to drive prosperity.
At this critical time for national security, our highly experienced teams play a key role in developing sovereign capabilities to create a safe and secure world, together with our wider industry colleagues and partners.
“We are investing in infrastructure, technology, and skills that we need today to bolster the growth of our business for tomorrow. This commitment to our customers and continuous investment in our people is making us a better business. We are determined to continue supporting the communities we work in whilst delivering the capabilities our armed forces need to keep the country safe.”
Rt Hon Maria Eagle MP, Minister for Defence Procurement and Industry, said:
“Babcock is a fantastic example of how defence is an engine for growth, creating jobs across the nation.
“The company supports thousands of skilled jobs across the South-West and Scotland and invests in British SMEs, building up local communities and developing talent through graduate and apprenticeship programmes.
“Our Defence Industrial Strategy will help direct more defence spending to British-based firms, such as Babcock, boosting defence jobs in every nation and region.”
Copied to clipboard
Sign up for our newsletter and get our latest content in your inbox.
Similar Reads
1
2
3
Sign up for our newsletter. Select all sectors relevant to you.
Related
Alfor Aviation to establish UK HQ at Teesside Airport in £50m investment
Alfor Aviation to establish UK HQ at Teesside Airport in £50m investment
The aerospace engineering company, which converts passenger airliners to freighters, has signed a 50-year agreement with the airport to develop a purpose-built facility.
Sora Aviation partners with Toray Advanced Composites for S-1 eVTOL
Sora Aviation partners with Toray Advanced Composites for S-1 eVTOL
Why the signing of an MoU between Sora Aviation and Toray offers a significant step towards developing a home-grown British eVTOL shuttle bus.
Farnborough day two deals deliver £2.6bn for UK industry
Farnborough day two deals deliver £2.6bn for UK industry
A further £16.4bn of deals were announced during the second day of Farnborough International Airshow 2026, including firm orders expected to generate £2.6bn for the UK aerospace industry.
UK assembly sweetens BAE Systems, Boeing and Saab RAF T-7 trainer proposal
UK assembly sweetens BAE Systems, Boeing and Saab RAF T-7 trainer proposal
The companies would establish a UK final assembly and integration facility for the T-7 programme.
Farnborough day two deals deliver £2.6bn for UK industry
Farnborough day two deals deliver £2.6bn for UK industry
A further £16.4bn of deals were announced during the second day of Farnborough International Airshow 2026, including firm orders expected to generate £2.6bn for the UK aerospace industry.
GKN Aerospace and Pratt & Whitney to explore additive manufacturing for F135 engine
GKN Aerospace and Pratt & Whitney to explore additive manufacturing for F135 engine
RTX’s Pratt & Whitney and GKN Aerospace have signed a Technology Development Agreement to jointly explore the use of additive manufacturing for large structural components for the F135 engine, which powers the F‑35 Lightning II.
Farnborough day two deals deliver £2.6bn for UK industry
Farnborough day two deals deliver £2.6bn for UK industry
A further £16.4bn of deals were announced during the second day of Farnborough International Airshow 2026, including firm orders expected to generate £2.6bn for the UK aerospace industry.
“We will do it together”: Prime Minister Andy Burnham delivers message to Farnborough International Airshow attendees
“We will do it together”: Prime Minister Andy Burnham delivers message to Farnborough International Airshow attendees
Burnham was appointed Prime Minister of the United Kingdom on 20 July, day one of the world’s largest international airshow
UK invests in homegrown space tech to boost national resilience
UK invests in homegrown space tech to boost national resilience
Unveiled at the Farnborough International Airshow, the funding will support satellite communications, space security and emerging technologies as the UK seeks to strengthen its resilience and reduce reliance on overseas capabilities.
UK invests in homegrown space tech to boost national resilience
UK invests in homegrown space tech to boost national resilience
Unveiled at the Farnborough International Airshow, the funding will support satellite communications, space security and emerging technologies as the UK seeks to strengthen its resilience and reduce reliance on overseas capabilities.
NPAS orders two more Airbus H135s as fleet renewal grows to nine
NPAS orders two more Airbus H135s as fleet renewal grows to nine
The aircraft will be customised at Airbus Helicopters’ Oxford facility and equipped with new Helionix avionics before entering police service.
Critical UK sectors targeted by Russian cyber actors
Critical UK sectors targeted by Russian cyber actors
A new advisory has been issued by the National Cyber Security Centre (NCSC) and international partner agencies, urging the UK and its allies to defend against Russian state cyber actors’ global exploitation of poorly configured routers, as the UK sanctions Russian state and criminal networks for cyber and hybrid operations and calls out the FSB for a reckless attack on Poland’s energy grid.