A new economic impact assessment of the University shows that it benefits the regional Hampshire economy to the tune of £1.3bn annually and the city of Southampton specifically by £0.9bn. On a national scale it contributes £2.5bn to the economy.
The assessment by independent economic consultancy, BiGGAR Economics, is based on information from the 2015-2016 financial year. It reflects the economic impact of the University on three specific areas: the city of Southampton; the region, as represented by the geographic areas of the Solent and Enterprise M3 Local Enterprise Partnerships; and the UK nationally.
The report highlights the wider impact of the University through its supply chains and networks; for example, it reveals that whilst the University directly employs around 6,000 staff it supports the employment of over 14,000 in the city.
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