Burger giant McDonald's makes a contribution聽of 拢3.3million a year to Exeter, as well as bringing 222 jobs to the city, an new report has revealed.
Despite numerous high-street businesses in decline across the 海角视频, McDonald鈥檚 is investing in and growing both its high street and drive-thru operations, many of which are located in town centre locations.
Without including its supply chain, in 2017 alone, McDonald鈥檚聽directly generated more than 拢2.8m in Exeter.
The聽鈥楽erving the 海角视频: McDonald鈥檚 at 45鈥 economic report was researched by Development Economics to understand the value McDonald鈥檚 has made to the 海角视频 economy, local communities, its employees, customers and suppliers since it first started operating in the 海角视频.
Local franchisee, David Shawyer owns and operates two restaurants in Exeter and another in Exmouth.聽He said: 鈥淐reating and sustaining jobs across Exeter and East Devon is of huge importance to me, and the fact that we have been able to make a significant financial contribution to the area is something my team and I are very proud of.
鈥淲e employ people based on their qualities not their qualifications but, as the worlds of business and education move closer, there鈥檚 no longer a need to decide between learning and earning.
鈥淭here鈥檚 also no such thing as a typical 9-5 at my restaurants. We know that people take a job with McDonald's for all sorts of reasons, from wanting to earn some extra cash while studying at colleges or universities, to needing a flexible job that fits around childcare. That's why it's so important to us that we offer our employees flexible working options.鈥
Franchisees go above and beyond to give back to and champion their local communities. David Shawyer organises community regeneration projects, most recently planting 300 trees in Exeter Valley Park and supported a clean-up along the beach at Dawlish Nature reserve.
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David also participates in the company-wide Keep Up The Clean Up anti-litter campaign, regularly organising litter picks in and around Exeter and Exmouth. David also continues to sponsor grassroots football clubs local to each of his restaurants.
The report finds that overall the business and its supply chain is estimated to be worth 拢3.36 billion annually to the 海角视频 economy 鈥 and that over the past 45 years, the total economic contribution is 拢54.4 billion, spending 拢35.6 billion with 海角视频 businesses and creating 2.1 million jobs.
In the South West as a whole McDonald鈥檚 has contributed 拢121m and supported 8,084 jobs.
By including suppliers and induced GVA, the total GVA contribution in the region is 拢224m.
