We had the opportunity to do an impact study on Hull and Goole Colleges in East Yorkshire and we found that they make quite a significant contribution to the local economy. Besides consumer spending, the research measured the colleges’ spending on goods and services with suppliers, spending by students who stay in the region to work and spending by students who relocate to the region. The findings showed that these two colleges are supporting the economy by £517 million a year, £1 out of every £20 spent in the region.
Chief executive of Hull College Gary Warke said: “This powerful independent research not only highlights the pivotal role Hull and Goole Colleges play in our regional economy but also demonstrates to our students, taxpayers and the wider community, the significant return in investment to be gained from the education and training we provide.”
We are pleased to work be working with the Hull College Group to help them showcase the massive economic value they provide to key stakeholders in their community.
EMSI data is available through Analyst and Career Coach, and through the Economic Impact Study. To learn more about EMSI data, please contact Andy Durman (email@example.com). Find us on Twitter and Facebook.