Rolls-Royce Economic and Social Impact Report 2024

The Rolls-Royce Economic and Social Impact Report 2024 provides a comprehensive analysis of the company's contributions to the UK economy. It employs Input-Output economic modeling to evaluate the direct, indirect, and induced impacts of Rolls-Royce's operations across various sectors, including civil aerospace, defense, and nuclear power. The report outlines the company's significant economic footprint, detailing its annual Gross Value Added (GVA) contribution of £7.4 billion and its extensive supply chain, which supports over 23,100 employees and more than 1,350 suppliers nationwide. It also highlights Rolls-Royce's commitment to training and development, with over 1,000 apprentices and 300 interns trained in recent years. The report emphasizes the importance of sustainable practices, including the compatibility of engines with Sustainable Aviation Fuel (SAF) and the development of advanced nuclear technologies. It concludes by acknowledging the potential for future growth and job creation in the UK aerospace and nuclear sectors, aligning with government strategies for economic resilience and security.