Independent study reveals Falmouth University's economic impact
21 May 2021
An independant economic study by Hatch has revealed that Falmouth University is worth £100 million to Cornwall’s economy every year, a figure that is set to double by 2030.
As the only university headquartered in Cornwall, a significant local employer, driver of skills development and hub of innovation and enterprise, we're proud to act as an anchor institution, with a commitment to driving the region's economy at the heart of our mission.
The University recently commissioned an independent report to assess its contribution to Cornwall and the wider UK economy. The study, undertaken by Hatch, found that Falmouth University:
- Currently contributes £100m in GVA (gross value added) to Cornwall's economy. That's equivalent to around £1 in every £109 of GVA produced in Cornwall
- Supports 2030 full time equivalent (FTE) jobs in the Cornish economy
- Produces 1% of all UK self-employed graduates
- Is estimated to make an economic contribution to Cornwall of £200 million in GVA and 4,260 jobs by 2030
We're proud to act as an anchor institution, with a commitment to driving the region's economy at the heart of our mission.
Vice-Chancellor and Chief Executive, Professor Anne Carlisle said:
“It’s fantastic to read this report and see how the institution is not only providing value for its students, it’s also delivering major economic benefits to our wider community.
“We see our work at Falmouth as an investment in the future of Cornwall; developing a pipeline of in-demand skills, supporting the development of exciting companies and driving the creation of high-value jobs in Cornwall’s flourishing creative tech cluster.”