MSG Sphere would be a long-term investment in the future of Stratford and London, supporting thousands of jobs and billions of pounds of economic benefit.
COMMITTING TO LOCAL JOBS AND TRAINING
We’re committed to making training initiatives and local hiring a priority – with specific goals to promote opportunities for local residents.
THIS COMMITMENT INCLUDES:
A guarantee that all jobs directly on site at MSG Sphere – both during construction and once the venue is open – will be paid at least the London Living Wage.
Providing employment opportunities across a wide range of skillsets
Employing a dedicated MSG team to work with local recruitment and business schemes to identify residents for short-and long-term employment opportunities
Setting a minimum 35% target for how many construction and operational jobs will be filled by local residents
Investing in Newham employment and training initiatives
GENERATING SIGNIFICANT ECONOMIC BENEFITS
MSG engaged two leading economic consultancies – Ernst & Young (EY) and Volterra – to conduct independent analyses of the benefits the new venue will bring.
MSG Sphere would support up to 3,200 jobs each year across the UK once it’s open – 1,200 of these would be ongoing jobs directly employed on the site by MSG, and 2,000 would be supported in businesses and services across the UK that benefit from the venue’s operation.
In addition, up to 4,300 jobs are expected to be supported each year during the 3-year construction period – 1,000 of those would be directly on site, and a further 3,300 in the supply chain and other related businesses.
EY also expects the project to bring £2.7 billion to the UK’s economy in its first 20 years of operation, including up to £50 million a year in extra revenue for local businesses in Newham once the venue is open.
Download the EY report to see how MSG Sphere would create new jobs, generate millions of pounds for local businesses and boost the UK economy.