Brunel University London generates more than £212million annually for the London Borough of Hillingdon, supporting 2,512 jobs in the process, according to a new study.
The new report, by BiGGAR Economics, focuses on everything from the amount spent by the university on local goods and services, to student expenditure and part-time employment in the region.
It says that Brunel is quite unique among universities in London in that it has demonstrated a huge stake in the local community in the past 50 years.
Chief Operating Officer at Brunel Paul Thomas said: “Whether through volunteering and student placements, through its impact on visitors to the region or through the sheer number of local suppliers and service providers that the university needs to run efficiently, we know that Brunel places itself at the very heart of Hillingdon.
“This report tells us just how much benefit the university brings locally and it demonstrates the value of having such a close relationship with the local community.”
The report shows Brunel’s gross valued added (GVA) – measuring the monetary contribution of the university to the economy – in the 2013/14 financial year.
In the same period, the university generated £785m in the UK, with a total of 10,407 jobs supported. The report says that for every £1 directly generated by the university there was a total economic impact of £6.60 on the UK economy.
Meanwhile, in 2013/14, 1,397 Brunel students undertook work placements, while the student body contributed to 10,402 hours of volunteering in the same period.