Economic benefits of standards

Using standards offers a wide range of benefits to your business. They can help improve performance and manage risk you face, while enabling you to operate in a more efficient and sustainable way. An independent report has revealed the value of using standards:

Some of the economic benefits include:

• Standards contribute £8.2bn to the UK economy – that’s 28.4 per cent of annual GDP growth
• 37.4 per cent of UK productivity growth can be attributed to standards
• £6.1bn of additional UK exports per year can be attributed to standards