Kent and the economy
The University of Kent and our students generated £0.9 billion for the south east regional economy in 2015/16.
Our total revenue was £253.8 million, generated from tuition fees and educational contracts, research grants, consultancy services, the provision of residential and catering services, and facilities hire.
Our income has increased 21 per cent since the last study of our economic impact in 2012/13. Over the same period, our economic impact on our region has grown by 23 per cent.
Spending by our students, staff and visitors within the regional economy generates an additional £357.9m for the south east economy, with an immediate impact of £162.4m in the Canterbury and Medway areas.
We have spent £186m on improving our campuses over the last five years and have plans to invest a further £338m over the period to 2027.
Lisa Carlson, Chief Executive of Canterbury Business Improvement District (BID)
BID is a business-led, not-for-profit organisation created in 2014 to drive investment and growth, and to promote Canterbury City Centre.
Lisa on our partnership
We work in partnership with the BID team on a number of projects to benefit the city and its residents. We work together on the Purple Flag programme, which promotes the Evening and Night Time Economy. In addition, we join forces to share the story of what a fantastic place Canterbury is to live and work, helping to attract more visitors to the city each year.
The University has a hugely positive impact on the city centre, not only in terms of its direct economic impact, but also in terms of how they engage with the work that we do.
There are, no doubt, issues as there are in any student city, but the joined-up working and engagement we have with the University helps. We work together to promote Canterbury, communicating one shared story to encourage students, locals and visitors to explore the city.