Plexal Impact report 2017-2024
A £731m contribution to the UK economy through our commitment to government-led innovation
We’re proud to introduce the inaugural Plexal Impact Report, which showcases how long-term government investment in innovation is driving the national economy.
Plexal commissioned Perspective Economics to undertake an impact study that captures the scale of the economic, social and innovation contribution that Plexal generates, both in the UK and internationally.
The findings have revealed…
Plexal has supported a £731m contribution to UK GDP since its inception in 2017, including over 9,400 jobs
25% of that sum has been generated in the past 12 months alone, including 2,360 jobs
We’ve helped over 1,270 companies across our places and programmes
141 companies that’ve participated in Plexal programmes have collectively raised £898m in funding, as well as £69m in innovation grants
£426m of gross value added (GVA) has been achieved from just £31m of direct public sector contracts awarded to Plexal
This represents a return of £13.74 for every £1 spent by UK Government
“This shows us that this model works, it’s sustainable, it’s compelling for all stakeholders who engage with it, and we need to scale it over the years that come to maximise the benefit to society.”
“This would not have been possible without our customers, investors, collaborators and colleagues and I would like to thank each and every one in supporting this. We look forward to working with you to deliver on our mutual goals.”
Andrew Roughan, CEO at Plexal
