Force for good
Birmingham City University contributes an economic boost of over £500m to the UK economy and supports more than 8,600 jobs across the country figures have shown.
A report carried out by Oxford Economics, assessed the University’s impact on the region and found that its work in key areas including investment in infrastructure, bringing visitors to the second city and developing the region’s future workforce was worth £532 million for the UK each year.
The study examined the University’s role as a direct employer, its impact on supply chains, its development of students, its role in bringing international students and overseas visitors to the city, and its collaboration with other organisations to draw up the key metrics.
It also showed that the University provides £286 million to the Birmingham economy and nearly £400 million to the wider West Midlands GDP, as well as supporting 4,810 jobs in the second city and further 2,220 across the West Midlands region.
With almost 70 per cent of the University’s students remaining in the West Midlands after graduating, studies showed that it created a clear talent pipeline for the region’s industry to tap into.
Assessments also calculated that the University generates an additional £400 for the region’s economy for every £1,000 it spends.