Moray College contributes £58 million and supports 890 jobs in Moray as part of University of Highlands and Islands' £560 million contribution to wider economy
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THE University of the Highlands and Islands partnership contributes £560m to the economies of Moray, the Highlands and Islands and Perthshire - according to an economic impact assessment.
It also supports 6200 jobs and for every £1 spent on the university, the university partnership puts £4 back into the economies of the communities it serves.
The report highlights that Moray College UHI contributes £58 million and supports 890 jobs throughout Moray.
The report, which was commissioned by the university partnership last year, has been produced by the independent consultancy, Biggar Economics. The findings also reveal that the partnership's impact across Scotland has grown by between 20-25 per cent since it was last measured in 2010, mainly due to an increase in staff and graduates. The partnership achieved full university status in 2011 and will be celebrating its tenth anniversary in February 2021.
The authors highlight that the university's value goes beyond its financial contribution, adding: "The benefits of the university extend beyond the significant gross value added and jobs measures. It supports sustainable and inclusive economic wellbeing and social development in the broadest sense, for people, communities and employers across the region.
"It supports heritage and culture, the economy, the environment, the regional health sector and it offers pathways through tertiary education that give routes to personal and collective growth and development.
"Through the university, the region has greater control of its own economic and social future which will be especially important in helping its recovery from the Covid-19 pandemic."
Biggar Economics has also published reports on the economic impact of the individual colleges and research institutions which make up the university partnership. The network covers the largest geographical area of any campus-based university or college in the UK and has the largest student population in Scotland, with nearly 37,000 students studying across the university partnership each year.
Welcoming the findings, Professor Crichton Lang, University of the Highlands and Islands Principal and Vice-Chancellor (Interim), said: "We commissioned these reports to measure the contribution our university partnership makes to the communities we serve. It shows that investment in our partnership has a clear benefit and, in these uncertain economic times, it is important to understand this benefit and highlight the full extent of the value the university partnership brings.
"As a flourishing university for the Highlands and Islands, Moray and Perthshire we aim to retain, attract and nurture talent in our region to reverse population decline and build innovation and socio-economic prosperity. This mission is particularly important as we work to support the recovery of our region following the Covid-19 pandemic. The nature of employment will change and we are working with employers, communities and learners to respond to their needs."
