Economic benefits
Developing the new port facility will increase employment and benefit the economy of Bristol and the South West region.
Bristol Port currently plays an important role as an employer supporting some 7,600 jobs either directly, or through associated activity, or through linkages within the local economy. Employment in port-specific industries in the immediate area is high and growing as a proportion of all employment, especially in Avonmouth in which around 25% of port employees live.
It is projected that the proposed port expansion will require about 1,500 jobs when fully operational, in both direct port employment and port associated activities such as transport services, shipping and freight forwarding. A further 260 jobs would be generated through multiplier effects. Some 360 new full time equivalent jobs are expected during the construction phase. Many of these jobs will require more skilled workers earning higher than average wages. The Company is reliant on Bristol’s economic infrastructure to support these new jobs and related services.
In total the proposed DSCT development is estimated to generate over £114m a year in the local economy. This arises from the incomes of direct employees; the income retained in the economy through supplier expenditures and through port clients’ spending locally; and through multiplier linkages.
