Sunshine and Showers

Sunshine and Showers

max temp: 6°C

min temp: 0°C

Search

Ipswich energy supplier ‘supports 7,400 jobs’ researchers find

PUBLISHED: 08:42 21 November 2018

Haven Power, part of Drax Retail, at Ransomes Europark has a big impact on the local economy, a report has found Picture: VISMEDIA/DANIEL JONES

Haven Power, part of Drax Retail, at Ransomes Europark has a big impact on the local economy, a report has found Picture: VISMEDIA/DANIEL JONES

VisMedia/Daniel Jones

A report has revealed the growing economic impact - including thousands of jobs - of an Ipswich-based business energy supplier.

Ipswich MP Sandy Martin, left, with Haven Power's chief operating officer, Paul Sheffield, during his visit to the company's offices on Ransomes Europark.Ipswich MP Sandy Martin, left, with Haven Power's chief operating officer, Paul Sheffield, during his visit to the company's offices on Ransomes Europark.

Haven Power contributed £696m towards UK GDP in 2017 – a 43% increase from 2016’s figures, according to a study into the economic impact of its parent company, energy firm Drax Group. Haven also increased the number of jobs it supported across the country from 5,400 to 7,400 thanks to a substantial rise in profitability and company growth.

Haven Power joined the group in 2009 and supplies electricity to a host of British businesses, including Yeo Valley, Manchester Airport Group and Thames Water. It employs 450 people across its two offices at Ransomes Europark and Franciscan House in town.

The report also found that in the East of England, Haven Power and Drax combined to generate £273m in the local economy - up £50m from 2016 - and support 2,500 jobs.

Researchers at Oxford Economics used three measures to calculate Haven Power’s GDP contribution: the economic activity associated with the day-to-day running of the business; the activity created by the purchase of goods and services from its suppliers; and the wages the company’s employees and suppliers’ employees spend in their local area.

Jonathan Kini, chief executive of Drax Retail. He oversees business operations and champions Drax’s retail strategy across Haven Power and Opus Energy Picture: VISMEDIA/DANIEL LEWISJonathan Kini, chief executive of Drax Retail. He oversees business operations and champions Drax’s retail strategy across Haven Power and Opus Energy Picture: VISMEDIA/DANIEL LEWIS

Employment supported by Haven Power’s activities covered a wide range of sectors including IT, professional business services and transport.

Drax Group Retail chief executive Jonathan Kini said: “This report shows that in addition to being a leading supplier of energy to British businesses, Haven Power also plays an important role in the local and national economy. Through the people we employ and the businesses we use, we have supported thousands of jobs and generated nearly £700m of economic activity in Ipswich and beyond.”

Paul Sheffield, Haven Power chief operations officer, said: “We’re a well-established business and have strong links here, having been founded in Ipswich in 2006. In addition to employing people from the local area, we use a number of businesses in the region to provide us with products and services that enable us to deliver the best possible experience for our customers.”

Ipswich MP Sandy Martin said: “I’m proud that Haven Power, an energy supplier with an impressive nationwide operation is based here in Ipswich. Haven creates and maintains employment, contributes substantially to the local economy and plays an active role in engaging with the local community”

Search hundreds of local jobs at Jobs24

Ambulances have been head butted, kicked, and had blue lights ripped off in shocking acts of vandalism on the emergency vehicles - sometimes while crews have been trying to treat patients.

A serious incident is causing traffic and delays in Ipswich after paramedics and police were called to a row of shops.

Festive food is a big part of what Christmas is all about, but when you are receiving treatment for cancer, the last thing you want to do is tuck into the turkey and mince pies.

Work on a new business park is set to begin in the spring.

A fraudster cheated the system to illegally sub-let her council home for her own “greedy profit” - and then bought it at a huge discount, a court heard.

Today people from all around the country will be pulling on a silly sweater and getting into the festive spirit in aid of the Save the Children charity.

Households in Suffolk could see council tax bills rise by 4.7% next year if the county’s local authorities and police do as the government suggests in its local government settlement.

Retailers in Ipswich say they feel betrayed by Ipswich Borough Council (IBC) for giving the go ahead to a christmas craft market, at a time when many stores are battling to stay afloat.

A man collecting his laundry was sprung upon by an unknown man in an attempted robbery.

New research has revealed vast differences in the broadband speeds being experienced by internet users across Suffolk.

Hot Jobs

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Ipswich Star daily newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

MyDate24 MyPhotos24