The survey of 1,000 UK van drivers found that the average value of equipment stored per van stands at £2,500, which means UK tradespeople are footing a £4.4 billion bill for replacement tools every year.

In addition, the study found that when tools are stolen, it stops work for six days on average, causing UK businesses to lose a staggering £5.2 billion annually, based on £500 a day estimate for vehicle downtime by Volkswagen Commercial Vehicles fleet operations.

An increase in the number of van drivers leaving tools in their vehicles overnight, with three-quarters admitting to doing so compared to less than half in 2020, has created more opportunity for thieves. And just half of van drivers are taking extra precautions such as additional alarms, locks, and vehicle trackers. 

While London remains the UK’s biggest tool-theft hotspot, the rate has reduced to 47% of van drivers from 55% in the previous year. That’s in contrast to Scotland (45%), the North West (41%) and North East (40%), which have recorded huge surges in tool theft in the past year. The South East is the area where van drivers are least likely to fall victim to a break-in.

David Hanna, Head of Direct Sales at Volkswagen Commercial Vehicles, said: “Tool theft continues to be a huge problem and it’s worrying to see the problem spreading across the country. We’re shocked to see that cases have risen so much in the past year, as we know the impact on businesses and workers is massive.

“Hopefully, these findings will prompt those with expensive equipment to take extra precautions, whether that’s additional security features on their vans, avoiding parking in secluded, poorly-lit areas, or taking an extra 15 minutes at the end of the day to unload their vans.”