The Socio-economic Impact of Cultivated Meat in the UK

Oxford Economics researchers looked at the economic contribution to the UK based on solely domestic consumer spending on cultivated meat in the year 2030 and found:

• The industry itself will be worth up to £1.7bn by 2030 in the UK -- and will support a total GVA contribution to UK GDP of up to £2.1bn once the UK supply chain is factored in
• The cultivated meat industry will have a 'GDP multiplier' of x3.7 in 2030 -- for every £1m of GVA created by the industry, a further £2.7m is expected to be supported elsewhere in the UK economy that year
• The British cultivated meat industry could support up to 16,500 jobs across the UK in 2030 -- up to 8,300 workers (50%) employed directly by the cultivated meat industry and the rest in the supply chain
• The cultivated meat sector would account for roughly 12% of consumer demand for meat in 2030
• The industry will have an 'employment multiplier' of x2 in 2030 -- for every 100 jobs in the industry, a further 100 will likely be supported elsewhere in the UK economy
• The UK risks losing out to countries such as US, Singapore and Israel, who are proactively supporting this new industry