4th July 2001

 

UNIVERSITY WORTH £24M A YEAR TO ECONOMY, SAYS REPORT

 

Lincoln’s new university campus has transformed the region’s economy, a new report makes clear.

 

Five years after it opened the university has already raised Lincolnshire’s GDP (gross domestic product) by £24m a year and created 600 new jobs.

 

And by the time expansion plans are complete GDP will have risen to £65m and 1,800 new jobs will have been created.

 

The scale of the impact the university has had on Lincolnshire’s economy is revealed in a new report to be published next week.

 

‘The impact of Lincoln’s university campus on the economy of Lincolnshire’ was commissioned by the now defunct Lincolnshire TEC and will be launched at the university on Wednesday 4th July.

 

Reporters are welcome to attend the launch, which will begin at 12 noon in the Co-op Lecture Theatre on campus. The launch will be followed at 1pm by a buffet lunch.

 

“This report confirms what everyone expected – that the university has a powerful and benign impact on the economic health of Lincoln and Lincolnshire,” said university spokesman Jez Ashberry.

 

“It also points up the social and cultural benefits which the university has brought and which will doubtless multiply as the campus grows and matures.”

 

Speakers at the launch will include David Rossington, former chief executive of the Lincolnshire TEC, Prof David Chiddick, Vice Chancellor at ULH, and Glyn Owen, who prepared the report.

 

- - - - - - - - -

 

For more information contact: Jez Ashberry, Press and Media Relations Manager

University of Lincolnshire & Humberside

Tel: 01522 886042

email: jashberry@lincoln.ac.uk

 

Check for the latest university news at http://www.lincoln.ac.uk/news