Perth-based transport giant Stagecoach supports almost £200 million a year in value to Scotland’s economy, according to a new report published yesterday.
Independent research carried out by the Centre for Economics and Business Research (Cebr) shows that Stagecoach’s aggregate contribution across the country is £1.63 billion a year in gross value added, with £198m of the overall contribution in Scotland.
The group, which was founded in Perth in 1980, provides direct employment for 24,000 people across the UK and supporting a further 10,000 jobs.
Stagecoach chief executive Martin Griffiths said: “We’re proud to have kept Scotland connected for the past 40 years.
“This new report shows the huge positive impact of our transport services to the economy and our communities right across the country.
“As regions across the country face up to the challenges of congested roads, declining air quality, ill-health and pressure on our high streets, it is vital that local authorities maximise the power of the bus to deliver safer, healthier and more prosperous places for people to live.”
Stagecoach pays £710m a year in wages and employee benefits, as well as generating £220m in income-related tax contributions.