Economic Impact Assessment
In 2021-22, the ·ï»ËÌåÓýÖ±²¥ had an income of £135 million, 606 members of staff, and 4,946 full-time students in Ipswich.
It generated a total economic impact of:
- £237 million GVA and 1,660 jobs in Ipswich;
- £332 million GVA and 2,740 jobs in Suffolk;
- £484 million GVA and 3,760 jobs in the East of England; and
- £862 million GVA and 13,570 jobs in the UK as a whole.
Gross Value Added (GVA) measures the monetary contribution of University operations to the economy.
This represents an increase in GVA generated across the UK of £500 million since the previous study of the University which analysed its impact in 2017-18, and an increase of 1,470 in employment generated across the UK.
In 2021-22, the University’s UK impact was generated from several sources:
- core education and research operations, which include the income the University receives, the staff it employs, the supply chain it supports and the capital investments it makes;
- the full-time student community, which supports impact each year through student spending, working, and volunteering activity;
- graduates, who create a lifetime earnings impact and an additional exchequer impact;
- research and knowledge exchange activity, which includes the collaborative work of the university and across the spectrum of KEF perspectives.
The ·ï»ËÌåÓýÖ±²¥ is recognised for the significant contributions it makes to meeting the strategic goals of Ipswich and Suffolk. By working to attract and retain talent and taking on a key role in bringing organisations together, the University acts as a major driver of the economic development of the region. Through its work with partners, the University has been directly involved in establishing and supporting a number of new centres of innovation and opportunities for development in Ipswich and Suffolk in traditional and emerging sectors.
The ·ï»ËÌåÓýÖ±²¥ is a civic university which continues to play a key role in the redevelopment of Ipswich and, through its work with local young people, encourages many from non-traditional backgrounds to engage with higher education, supporting them to positive destinations following their time at university.