Bournemouth University 'brings in more than £1m a day to south west economy' (From Bournemouth Echo)
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Study reveals Bournemouth University brings in more than £1m a day to south west economy
BOURNEMOUTH University contributes more than £1million a day to the economy of the south west, research suggests.
The figure is among those in a new Economic Impact Study produced by the university.
It found the university is worth £252m in spending in the local conurbation and £378m in the south west.
Those figures are up dramatically since a similar study in 2007, which estimated spending at £166m in the conurbation and £241m in the region.
The Economic Impact Study was produced by Professor John Fletcher and Dr Yeganeh Morakabati.
Professor John Fletcher told a launch event at the university’s Executive Business Centre that the university was “part of the fabric of the conurbation of Dorset”.
“It brings in people in who you meet in the street, it brings in people in who enjoy the entertainment, enjoy the beach, go to the shops, who spend money. It creates a vibrant and young society,” he said.
“It also brings in a highly creative and skilled workforce into the region, and their families”
As well as the £252m of spending the conurbation, the university brought in £55m in wages, salaries and profits, and supported 2,111 jobs.
Across the region, the figure for wages was £85million and the number of jobs supported rose to 3,124.
Its worth was equivalent to 11,476 households or 3.3million visitors.
Vice-chancellor Professor John Vinney said the university had changed a great deal since the 2007 study. It was a top 60 university with an aspiration to be in the top 50.
Bournemouth West MP Conor Burns told the gathering that unlike some universities, Bournemouth’s was “seeking to become an integral part of the community it’s serving”.
“Young people are so often denigrated in this country. I see some fantastic young people who come to Bournemouth to give back so much to the community that it’s my privilege to serve,” he said.
“Bournemouth would not only be economically and socially diminished without Bournemouth University, it would be decimated without Bournemouth University”
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