Report states that universities of Kent and Canterbury Christ Church contribute over £1 billion to local economy
PUBLISHED: 17:22 11 June 2015 | UPDATED: 17:22 11 June 2015
Almost 13,200 jobs are created by the two universities according to the new research
The universities of Kent and Canterbury Christ Church contribute a whopping £1.25 billion to the local economy in Kent and Medway, according to a report published today.
Key findings in the report - produced by ViewForth Consulting Ltd - include the contribution made by international students to the local economy. According to the research, students coming from abroad added £72 million off campus, while students from other areas of the UK spent a further £184 million away from the universities.
The report, which covers the finacial year of 2012 to 2013, also shows that almost 13,200 jobs are created as a result of the two universities. The two universities are the biggest employers in the area, providing a total of 4,563 direct jobs. That’s almost eight per cent of the total employment in Canterbury. Taken together, the report also shows the universities spent almost £305 million during the financial year, with knock-on effects generating a further £365 million of output, and 3,741 jobs in the south east region.
Professor Rama Thirunamachandran, vice-chancellor and principal of Canterbury Christ Church University, said: “Both universities, and their students, have a major impact on the economic prosperity of Kent and Medway. This impact extends beyond the millions of pounds spent in the region each year, with our students and staff contributing significantly to the local and national knowledge economy through pioneering research, graduate skills and innovation, and student volunteering and industry placements. This mix of engagement and impact demonstrates the enormous value of universities today, and their important role in society.”
Professor Dame Julia Goodfellow, vice-chancellor of the University of Kent, said: “Universities are a fundamental part of the UK economy and play a key role in ensuring that the UK remains globally competitive. They also have an important role to play at the regional and local levels where they boost the economy, stimulate regional growth and innovation, and directly and indirectly create jobs across a range of industries and sectors. Together, the University of Kent and Canterbury Christ Church University are proud of the roles they play within our region, and the many contributions made by our students and staff.”