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The Economic Impact of the University of Bath says that more than 20,000 students moving to the local area to study at the University spent an estimated £ 230 million across the local economy, approximately £ 11,400 each. Student spending supported more than 2,300 local jobs, with spending by international students, who make up just over a quarter of the student body, supporting 880 of those jobs.
In addition, the University’ s SETsquared Bath Innovation Centre supported 43 hightech, high-growth start-up and scale-up companies, which collectively generated £ 15 million turnover and secured £ 1.3 million in equity investment and grant funding.
The University’ s Vice-Chancellor and President, Phil Taylor, said,“ This report highlights the significant economic and
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social value the University delivers, working in partnership with our city and region, by supporting jobs, attracting investment and generating wider opportunities.
“ Recent activity such as the launch of The Brunel Centre and being selected as one of 12 UK universities to be awarded the Government’ s Global Talent Fund show how the University’ s partnerships can help to attract world-class talent and deliver high-impact innovation that benefits our city and region. We really want to build on these foundations to help Bath & North East Somerset reach its full potential in the years ahead.”
The report assessed the impact of the University through gross value added( GVA), the value of goods and services produced by the local, regional and national economy. This includes the direct impact
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of the activity generated by the University itself, the indirect impact through supply chains and procuring goods and services from external suppliers, the effect of spending by those employed by the University and in the supply chain, and spending by students and visitors.
In Bath & North East Somerset in 2023 / 24, the University generated £ 510 million of GVA, almost nine per cent of the GVA of the area. The report said the University supported 7,100 jobs locally, including 3,900 of its direct employees, accounting for more than six per cent of all jobs in the local workforce. It is the second largest employer in the City.
Through its activities, the University spent £ 16 million on procuring goods and services from local businesses. One such firm is Pattersons, based in south Bristol,
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which has been supplying the University with cleaning and janitorial products for several years. As a family-run business with deep roots in the South West, they greatly value the longstanding relationship with the University.
Craig Banwell, Key Account Manager, said,“ We’ re proud to support the University of Bath with reliable, responsive service and sustainable cleaning solutions. As a local family business, our partnership with the University allows us to grow alongside one of the region’ s most respected institutions, while reinvesting in local jobs, supply chains and environmental practices. We also share a strong commitment to sustainability, and we’ re pleased to support the University’ s goals with eco-conscious product options and greener operations.”
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