The SEC is a major contributor to the Glasgow and Scottish economies, as well as generating wealth for the UK as a whole.
Consistently placing events, and the event economy, at the heart of its strategy for internationalisation, inward and infrastructural investment Glasgow is currently placed 29th in the International Congress and Convention Association (ICCA) index of 400 cities globally. Added to this, The OVO Hydro is consistently ranked in the top ten arenas globally and The SEC is the 5th largest indoor exhibition space in the UK and part of one of the most versatile event campus’s in Europe.
Economic impact study
In November 2015, the SEC commissioned a study to determine the impact of its operations on the local, Scottish and UK economies through:
- Calculating the total business expenditure generated by events held at the SEC
- Calculating the total personal expenditure generated by attending and holding events at the SEC
- Calculating the total economic impact of the events held in the SEC
- Estimating the number of full-time equivalent jobs sustained
Between April 2015 and March 2016, a total of 205 events were held at the SEC, attracting approximately 1.82 million visitors and 17,000 exhibitor staff.
The net additional economic impact of the SEC is estimated to be:
- £354 million in the Glasgow area
- £274 million in Scotland
- £223 million in the UK
Using industry benchmarks – sourced from the Scottish Government and derived using Scottish input-output tables – it is estimated that the SEC supports:
- 5,066 full time equivalent jobs in Glasgow
- 3,911 in Scotland
- 3,186 in the UK