A new report into the economic impact of UK Business Schools has found that the Cardiff Business School has helped boost the Welsh economy by an estimated £76 million.
Experts from the Nottingham Business School examined the impact of some of the UK’s leading Business Schools and found that Cardiff’s School has a major economic impact on the local, regional and national economy of Wales estimating the Business School accounts for ten percent of the overall £760M the University contribute to the Welsh economy annually.
The Dean of Cardiff Business School, Professor George Boyne states: “At a time when higher education institutions’ role in society is being scrutinised more intensively than ever, it’s important that we are able to demonstrate our impact on the Welsh economy,” adding that “this new report clearly demonstrates...that UK Business Schools have a major role to play in supporting the UK’s economic recovery – and in Cardiff Business School’s case we offer a £76M annual boost to the Welsh economy, ” he added.
The report also highlights the School’s contribution to teaching, claiming an estimated £25M of income is produced per year, with the School secured research income over the last five years being in excess of £20M. It also praises the Business School’s work contributing to policy on a local, national and international level, as well as its work in consultancy and partnerships with supermarket giant Tesco, the Office of National Statistics and the Welsh Assembly Government.
The achievement comes despite many funding bodies tightening their budgets and reflects concerted efforts made across the University to improve its success rate in securing research funds.
No comments:
Post a Comment