Report reveals Post Office's economic impact on Yorkshire

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https://www.thetelegraphandargus.co.uk/ ... yorkshire/

A NEW independent report has revealed the Post Office generates an economic impact of £122 million in Yorkshire and the Humber - the equivalent of £46 per person.

The London Economics report, titled Part and Parcel: the economic and social value of Post Office, found that across the UK, the Post Office has an economic impact of £4.7 billion.

London Economics found that on the high street alone, visits to post offices generate more than £3 billion a year of spending in nearby shops and businesses and nearly £1 billion of spending in host retailers as a result of the customers that their post office attracts.


In Yorkshire and the Humber, Post Office trips generated additional expenditure of £280 million in other high street shops.

The Post Office's network of branches supports nearly 50,000 full-time equivalent jobs throughout the United Kingdom, 4,041 in Yorkshire and the Humber.

Nick Read, CEO of Post Office, said: “Post Office branches are essential to the high street ecosystem, driving footfall and generating wider nearby economic activity, as well as providing an underlying economic infrastructure that supports SMEs.

“The report shows this economic contribution is felt in every corner of the country, supporting 50,000 jobs and generating an aggregate economic impact of £4.7 billion every year.”