Glasgow Caledonian University Economic Impact
Glasgow Caledonian University boosts Scots economy by £444m"Independent research, Biggar Economics
Independent research by Biggar Economics estimates that GCU supports 10,000 jobs and that it generates £7.20 for every £1 it receives through the Scottish Funding Council.
The analysis also highlights GCU’s Scotland-wide impact through its commitment to making a positive contribution to society. The University does this through its research and partnerships with the public, private and voluntary sectors scholarship and teaching, community involvement and leading initiatives to widen access to Higher Education.
The results mean that GCU has increased its contribution to the Scottish economy by £38 million - 9.4 per cent - since a 2010 report by Biggar Economics identified a £406 million economic impact.
The University provides a pathway into education and employment to young people living in deprived areas as shown by the fact that almost a third of students come from the 40% most deprived areas in Scotland and GCU’s record for taking students from these areas is significantly better than the Scottish average."Professor Pamela Gillies CBE, Principal and Vice Chancellor
The report also highlighted GCU’s commitment to widening access:
“The University provides a pathway into education and employment to young people living in deprived areas as shown by the fact that almost a third of students come from the 40% most deprived areas in Scotland and GCU’s record for taking students from these areas is significantly better than the Scottish average.”
Professor Pamela Gillies CBE, Principal and Vice Chancellor commented:
“I am delighted with the findings of this Biggar Economics report. Against a backdrop of ongoing financial challenges, we have managed to increase the contribution the University makes to the Scottish economy.
“The report underlines the success of our Business Academies and our decision to open GCU London v1, the first Scottish University with a campus in the city. It is also a testament to the ingenuity and innovation of our staff and students, whose hard work means we continue to deliver real benefits for the communities we serve.”
Other findings include:
- GCU generates £216 million each year for the City of Glasgow and supports 4,450 jobs in the city
- Nearly one in three GCU students has undertaken voluntary work since joining the University
- GCU spin out companies created 48 jobs and raised at least £1 million for Scottish economy
- International students added a further £34 million to the Scottish economy in 2011/12
- GCU’s nursing programme is Scotland’s most efficient, with 85% of students graduating, compared with a sector-wide average of 71%
Download document: GCU Economic Impact