USW contributes £ 1.1 billion annually to the UK economy

The University of South Wales (USW) contributes £ 1.1 billion to the UK economy each year, according to a new report released this week.

The report, compiled by independent consultancy Biggar Economics, examined data from the University of South Wales, which includes the University’s two wholly-owned subsidiaries, the Royal Welsh College of Music and Drama and the College Merthyr Tydfil. They looked at data from the 2019/20 academic year to analyze the social and economic impact at the local level, in Wales and across the UK.

The findings of the new report include:

  • The university supports 10,600 jobs across the UK.
  • Each person employed by USW supports another 3.2 jobs across the UK.
  • For every £ 1 the USW receives in income, £ 5.30 is generated for the economy at large.
  • Our knowledge exchange generates £ 25million and 370 jobs in the UK.
  • The USW provided 126,149 days of CPD.

The impact of the presence of staff and students in the Cardiff Capital Region is also highlighted in the report, with many people living and working in the area:

The report also highlights the University’s approach to expanding access. About one in three students from areas in the bottom two quintiles of the Welsh Multiple Deprivation Index (WIMD) who entered tertiary education in 2018/19 went to USW. This represented almost half (49%) of Welsh undergraduates at USW and is significantly higher than the average for higher education institutions in Wales (39%) and the UK (34%) . This equates to 28% of all students in the bottom two quintiles of WIMD areas who entered tertiary education in Wales in 2018/19.

Dr Ben-Calvert, Vice-Chancellor and Managing Director of the University of South Wales, said:

“The impact of the University of South Wales on the region, on Wales and on the UK is obvious. We are rooted in South Wales, but our contribution to the economy and society can be felt everywhere. Our impact is not purely financial – the university undeniably creates jobs both directly and indirectly, stimulates the economy at large through our students and staff, and helps the labor market by producing every year of highly qualified graduates who are ready to work in their chosen sector. .

“But we do so much more than that. The university supports sustainable service delivery through the training of nurses, teachers, social workers and police. The university undertakes important applied research – creating, collaborating and innovating – to meet the challenges of the modern world.

Louise Evans, Chairman of the Board of Governors of the University of South Wales, said:

“Partnership and collaboration are in our DNA – we were founded by the industry over 170 years ago. We strive to let the outdoors in with an industry-led curriculum, real-world work experience, and applied research and innovation, co-created with industry to meet local and global challenges.

“We are immensely proud of the positive contribution the Steelworkers make to the prosperity of our region and our country. “

About Mark A. Tomlin

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