Highlights
From the emergence of the first commercially successful computers to today’s era of cloud and artificial intelligence, we have navigated multiple waves of technological transformation over the past five decades together with UK businesses. Today, the impact of our work on the country’s economy, industries, and communities is significant–and this is underlined by the findings of a recent independent report from Oxford Economics that analyses the 2023/2024 financial year (FY2024).
As a result of our shared successes as a trusted partner with UK businesses and the talent that drives TCS, our total contribution to UK GDP was £3.3 billion in FY2024, the report reveals. This figure comprises three channels of impact:
We are proud that the release of this report comes while we are celebrating our 50-year milestone at TCS. For 50 years, we have been the Nation's trusted technology partner, building greater futures together with UK businesses, institutions, and communities. As a partner of 48 of the FTSE 100 and 200 of the biggest British brands, from Virgin Atlantic and Barclays in the private sector to the National Grid and NEST in the public sector, we’re trusted by Britain's biggest businesses and institutions to help improve life across the UK. Since our first office in 1975, we have grown to become a driving force of the UK economy. Stretching into Scotland and Wales as well as beyond the UK into Ireland, Wales, we play a critical role as a foundational partner in the economy.
Looking forward to the next 50 years, our focus is on continuing to drive innovation and growth, empowering UK businesses and society in the next era of technology transformation–and this report about our impact over the previous year is another valuable reminder of the importance of this focus.
TCS is a major employer in the UK, supporting almost 42,700 jobs across the economy in FY2024.
We directly employed approximately 22,200 people at 19 sites across the UK. Almost 6,300 of these employees worked in London and 11,400 across the rest of England. The business also employed 4,200 people in Scotland, 200 in Wales, and more than 100 in Northern Ireland.
Through our procurement spending, we supported an additional 5,000 jobs, while 15,500 jobs were sustained by the wage-related spending of those employed in roles supported by TCS. Ultimately, for every 100 people directly employed by us in FY2024, a further 90 jobs were supported in other parts of the UK economy.
This report reaffirms our strong and sustained contribution to the UK’s economy and society. From driving digital innovation and creating high-value jobs, to supporting iconic events like the TCS London Marathon, we’re proud to have been a trusted partner in the UK’s growth story over the past 50 years. Our continued investment reflects our commitment to helping people, businesses and communities thrive in an increasingly digital world.
The Oxford Economics report shows how our economic impact stretches far beyond our day-to-day operations. TCS also makes an indirect contribution to GDP through our purchases from suppliers, supporting a host of UK industries–including many in the services sector, which dominates the UK economy.
Of the £350 million contribution made to UK GDP in FY2024 through procurement spending in TCS’ domestic supply chain, almost £110 million came from the information and communication industry, £78 million from professional services, and £31 million from financial services.
Other sectors contributing to our indirect GDP impact included retail and wholesale, manufacturing, education, transport and storage, and construction.
The additional economic activity generated by our procurement spending supported an estimated 5,000 full- and part-time jobs across the UK through its supply chain. This included 1,400 roles in the information and communication sector, and 1,000 in professional services.
Many of our employees work in skilled roles, with almost 70% (15,300 employees) of direct employees in technology positions, including software engineering, data analytics, and cybersecurity.
A further 28% (or 6,200) of our employees work in business process services, helping to manage and execute business operations for clients. We also employ business consultants (2.3% of the total), who focus on business analytics. The remainder work in corporate functions such as legal, finance, or marketing and communications.
The Oxford Economics report highlights how, from the start of their careers, we support employees with continuous upskilling through a wide range of training opportunities and learning platforms. We also support employees to make a positive contribution outside of the workforce and are proud that our employees in the UK and Ireland recorded almost 40,000 hours of volunteering time in 2024 alone.
Through a variety of outreach programmes, we engaged with more than 9,200 young people in FY2024.
The TCS Corporate Digital Academy offers end-to-end upskilling and reskilling opportunities for customers. It also supports government efforts to tackle digital inclusion and build future STEM skills through initiatives aimed at local communities and schoolchildren. These include go Innovate Together (goIT), which teaches career-ready skills to underrepresented groups; Digital Explorers, a week-long virtual work experience for teenagers; and Ignite My Future, a programme that helps teachers integrate computing into core subjects.
With more than 60% of UK organisations facing skills shortages, and IT and technology skills among the most in-demand, such work is helping to build vital skills in the UK workforce of the future.
As the title partner of the TCS London Marathon, we invest in creating social impact across the UK to build healthier, more connected communities. The recent Oxford Economics report highlighted the impact that our involvement in community events on the local economy, highlighting that, in 2025, the TCS London Marathon raised a world record £75 million for charity.
Committed to making sporting events around the world more sustainable through technology, we developed the ReScore app in 2023 to measure and improve the London marathon’s social and environmental impact. In addition, our commitment to social responsibility extends beyond the marathon, fostering volunteering and sustainable practices within communities. For the London Marathon, we donated £10 per finisher to participating schools to spend on PE or IT equipment.
The release of this report reminds us of the value of our commitment to investing in local communities and building better futures for all.