New research highlights GCU’s £400million contribution to Scotland

16 June 2010

New research highlights GCU’s £400million contribution to Scotland

NEW independent research has revealed Glasgow Caledonian University boosts Scotland’s economy by £406 million every year, and that £230 million of this directly benefits the city.

In addition to the university’s core impact as a high quality educator, employer and key consumer of local goods and services, the report, compiled by Biggar Economics, shows the distinct value GCU brings to the city’s diverse communities and highlights national benefits from the university’s knowledge transfer and commercial training.

With one of the strongest records for knowledge transfer in Scotland, the university’s flexible approach to supporting business and the public sector is well recognised; while its strategic social partnerships, for example with Nobel Prize Winner Professor Muhammad Yunus and the Grameen foundation, aim to tackle major social challenges of worklessness and health inequalities. Through the GCU Grameen partnership, GCU has opened the Grameen Caledonian College of Nursing in Bangladesh and is facilitating the launch of the Grameen Bank in Scotland.

The university’s flexible approach to bespoke training has enabled award-winning training and development partnerships with international companies like Howden and ClydeUnion, and it provides support and consultancy to organisations in fields including health, tourism and engineering - supporting the growth of the Scottish Government’s key sectors and building greater knowledge among the workforce.

The Biggar report shows additional social and cultural benefits can also be seen across Glasgow’s communities, as the university is widely recognised for encouraging students from a variety of backgrounds.  Studies show education contributes positively to a community’s social and cultural wellbeing and that graduates are more socially mobile and demonstrate higher levels of civic duty than non graduates. 37% of Glasgow Caledonian’s undergraduate students come from disadvantaged backgrounds, and 50% are the first in their families to attend university. Through its award winning Caledonian Club, the university actively engages with families in communities where progression to university is traditionally low, aiming to further increase aspiration towards a university education for those with the academic talent to benefit from it.

Principal and Vice-Chancellor Professor Pamela Gillies, said: “At Glasgow Caledonian University we leverage our knowledge and skills for the social and economic benefit of the communities we serve. We are proud of the contribution we make to Scotland’s economy and we look forward to working with our students, staff and partners to enhance our contribution in the future as a successful international university which delivers an educational mission of access and excellence.”

GCU creates the equivalent of 5,075 full time jobs in Glasgow City, and 11,642 full time jobs in Scotland, while the estimated contribution from each year of Glasgow Caledonian graduates across their lifetime is £352 million to the Scottish economy, and £194 million to the city.

-GCU Economic Impact - Executive Summary


Latest from Twitter