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The economic impact of City of Glasgow College, December 2020 - Fraser of Allander Institute
The economic impact of CoGC's total expenditure in 2018/19
Our study looks at 2018/19. The full methodology associated with the modelling can be found in
Annex A.
In this year, the College's operating expenditure, excluding unitary charge interest for the new
College building, was £28.3m. In the same year, the College also spent around invested £900,000
on new capital1.
Based on these figures, and our modelling, we find that the City of Glasgow College directly
contributed £36 million in GDP to the Scottish economy in 2018/19.
This supported 750 full-time equivalent jobs across Scotland in 2018/19. This is in addition to the
1,450 staff it employed in the same year.
Table 2: Economic impact of City of Glasgow College's total expenditure, £m, 2018/19
Output (£m) GVA (£m) FTE Employment
Direct 29 19 475
Indirect 8 4 75
Induced 22 13 200
Total 59 36 750
Directly Employed Staff 1,450
Total Employment Supported 2,200
Source: Fraser of Allander Institute
The economic impact of CoGC's capital expenditure programme
As documented above, the creation of the City of Glasgow College was followed by a major investment
in buildings and facilities. This included the creation of the largest such campus in Europe.
Total investment in capital - supported by the Scottish Government - was £386 million between
2011/12 and 2018/19 around half of which was the cost of the new City Campus. In 2018/19 prices
(adjusting for inflation), this is £407 million.
We estimate the economic impact of such spending using similar methods to that used in Table 3.
The results can be found in Table 3 below.
Table 3: Economic impact of CoGC's capital expenditure programme, £m*
Output (£m) GVA (£m) Average Annual FTE
Employment
Direct 407 169 450
Indirect 222 101 250
Induced 241 144 275
Total 870 414 950
*Columns may not sum due to rounding.
Source: Fraser of Allander Institute
1 Note that we exclude expenditure on staff - £51.6m in 2018/19 - so as to focus upon the additionality of college activities.