New brochure celebrates University's global and local impact
Monday, 09 July 2012
'The University of Reading is firmly anchored in Reading, Wokingham and the Thames Valley and we are proud to be an integral part of one of the most successful and dynamic parts of the United Kingdom.'
The University contributes £650 million to the local economy each year - that's £1.75 million every day. Around 4,000 jobs are created in the area as a result of University spending and our students spend £93 million per annum in the local area.
These are just some of the facts and figures highlighted in Global reach, local impact, a new brochure that examines the impact of the University's expenditure in and value to the local economy, the knock-on or multiplier effects of this spend, and the secondary spend of University staff and students locally.
It also details many of the ways in which the University, its staff and students make contributions to the local community, through, for example, training the regions' teachers, developing the skills of mental health professionals, and volunteering and playing active roles in community organisations.
At a breakfast meeting to launch the new publication, Vice-Chancellor Sir David Bell said: "We are proud to play such an active and important part in the economic well-being of the area, helping to drive growth in tandem with local business and industry, and generating over £650 million a year for the local economy.
"Beyond our economic impact, the University also makes many other positive contributions locally, such as enabling access to green space, promoting public understanding of academic research and encouraging volunteering. The University of Reading is firmly anchored in Reading, Wokingham and the Thames Valley and we are proud to be an integral part of one of the most successful and dynamic parts of the United Kingdom."
Highlights from the brochure include:
- 19,000 - the number of Reading graduates living in RG postcodes
- £131 million - the University expenditure on staff salaries annually
- 3,700 staff - the University is one of the area's major employers with over 50% of staff living within a five-mile radius of the University campuses
- 4,000 jobs - the equivalent number of jobs created in the local area as a direct result of the University's expenditure
- £93 million - University students spend off campus locally each year
- £60 million - the value of University contracts with local suppliers every year
- £34 million - the University's annual research income
- £219 million - the University's annual expenditure
- 1,000 teachers - the number trained by the Institute of Education each year
- 60,000 local people - the number who attend University public lectures, events or visit University museums every year
- £3.5 million - the value of business tourism to the University
- 4,400 students - the number who have volunteered in local schools in the last 20 years