Universities' £900m impact on the Canterbury economy
New independent research highlights the increasing importance of local universities to the Canterbury and wider South East economy.
Latest figures show that the University of Kent and Canterbury Christ Church University made a £909m impact on the local economy in 2014/15, generating 16% of all jobs in the city – the equivalent of 9,900 full time jobs.
The report by researchers, Viewforth Consulting Ltd, examined the impact of the two universities’ activities, including student expenditure off campus, income and expenditure, and employment.
- The University of Kent and Canterbury Christ Church University are worth £909m to the Canterbury economy
- Canterbury Christ Church University and the University of Kent are worth £1.3bn to the South East economy
- The University of Kent and Canterbury Christ Church University combine are among the largest employers in the region, jointly employing 4,930 members of staff (full-time equivalents)
- The off-campus expenditure by students from Canterbury Christ Church University and the University of Kent adds £280m to Canterbury’s economy and generated 2,447 jobs in the city (full-time equivalents)
- In total the University of Kent and Canterbury Christ Church University and their students generate 9,900 jobs in Canterbury – equivalent to 16% of all Canterbury employment
The Canterbury Christ Church/Kent report was produced by Viewforth Consulting Ltd, who are specialists in higher education impact analysis.
Viewforth Director Ursula Kelly commented: “The results of our analysis show the importance of the two Universities to Canterbury, to Kent and to the South East region as a whole. Many local businesses will benefit from the presence of the Universities and their students, who bring money into Canterbury and create jobs in nearly every sector of the economy.”
Professor Helen James, Pro Vice-Chancellor (Education and Student experience), said: “This report shows how important both universities are as economic drivers of our regional economy. The millions of pound spent in our communities by our students and staff goes beyond significant economic impact on the jobs and prosperity of Kent and Medway. We are proud of how we, as universities, can create social as well as economic benefit 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.”