The University and the economy
Overall, the University of Kent and our students generated £780m for the south-east region during the financial year 2014/15.
A substantial and efficiently run business, our total revenue was £234.3m in 2014/15.
The bulk of this money, £143.2m, is earned from tuition fees and educational contracts; an additional £43.7m comes from research grants and contracts, and funding council grants.
The University is one of the largest employers in the region and the number of staff has grown from an initial 150 in 1965 to 3,297 full-time equivalent (FTE) jobs in 2014/15.
As an institution providing both an inspiring experience for students and worldleading research, the majority of our staff are academic; but the University provides employment across a wide range of skilled and semi-skilled occupations, many involved in the maintenance of the ever-growing estates.
Through the knock-on effects of our expenditure, the University generates an additional £303m, the majority of this – £263m – going to industries in the south east.
We also generate more than 2,901 FTE jobs outside the University, again the majority – 2,571 – being in the south east.
Our staff and students also contribute to the knock-on effect because they rely on local goods and services, from accommodation to retail, and from restaurant and other leisure facilities to taxis.
The total off-campus student spend is estimated to have been £249.3m, generating output within the south-east region of £283m and 2,459 FTE jobs.