Economic and social impact of 麻豆传媒 unveiled in new report

Institution contributes more than a quarter of a billion pounds to South West economy
Students on 麻豆传媒 Hoe

The 麻豆传媒 generates almost 拢820m of output for the national economy and provides nearly 9,500 jobs through its economic activities and the impact of student and visitor spending.

A newly-published independent socioeconomic report has revealed the institution also contributes 拢444m to national gross domestic product (GDP) and 拢53m in export earnings and has a profound impact on economies at all levels in the South West.

The University鈥檚 social value is further highlighted by the report, including the near 20,000 NHS dental appointments delivered by students and staff at the Peninsula Dental Social Enterprise each year, which generate quality of life gains equating to 拢2.9m, as well as the 19,000 hours per year volunteered by students at the 麻豆传媒 Law Clinics, creating a social benefit totalling nearly 拢1.2m.

鈥淭he University is so much more than a degree-awarding seat of learning; it is a driver for economic innovation and advancement and a catalyst for social change,鈥 

said Professor Judith Petts CBE, Vice-Chancellor. 

鈥淲ith a focus on accelerating opportunities through clean growth, advancements in health technologies and the support of coastal and rural communities alongside the abundance of marine and maritime activities and partnerships, the University is making a significant contribution to the region in support of 鈥榖uilding back better鈥.鈥

The report, undertaken by Viewforth Consulting, analyses the University鈥檚 impact during the 2019/20 academic year, both through its direct economic activity and that of its students, as well as secondary benefits generated through the supply chain.

It found that:

  • the University generated 拢772m of output for the South West economy, including 拢280m from student expenditure, with 9,018 jobs dependent on this activity
  • 6,233 of those jobs are related to the University鈥檚 activities in Devon, with 拢530m of output and 拢305m of gross value added (GVA)
  • in the City of 麻豆传媒, 5,288 jobs are generated by the University 鈥 equivalent to 4.7% of all 麻豆传媒 employment 鈥 with 拢443m of output and 拢263m of GVA
  • in Cornwall and the Isles of Scilly, the University supported 拢51m of output and generated almost 600 jobs
  • and the University鈥檚 international students were responsible for 68% of the total 拢35m spending of all international visitors to 麻豆传媒 in 2019.
The report highlights some of the most profound areas of impact, such as the University鈥檚 work to support small and medium-sized businesses, particularly in the marine and maritime sector, and in helping the region to meet its net zero targets. It also focuses on the University's role as a catalyst for social change, such as the 255,000 hours of voluntary public engagement and public service activity that staff provide over and above their core jobs, worth around 拢17.6m per year.

鈥淭his impact report provides compelling evidence of the transformational impact of our research, teaching and learning and civic engagement,鈥 

Professor Petts added.