iii Fraser of Allander Institute
■ City of Glasgow College makes a major contribution to the Glasgow and Scottish economies.
■ The College employs over 1,450 staff, helping over 16,000 students gain a nationally recognised
qualification every year.
■ This 'footprint' supports thousands of jobs across the local and Scottish economy both
directly and indirectly.
■ But City of Glasgow College's value extends much further than this:
■ By providing training and qualifications for students from across the country, it helps
people into employment and supports businesses to recruit the staff that they need
■ By boosting the skills of its graduates, it helps to build a more productive and innovative
workforce in Scotland
■ By training the future business leaders of Scotland it helps to create a dynamic and
productive business base
■ Through its partnerships with organisations across the world - including through its world
leading nautical training programmes - it supports Scotland's international ambitions
■ By supporting many people - particularly young people - from disadvantaged backgrounds
it helps to tackle poverty and to fulfil their full potential
■ And by providing learning and training opportunities for students from across the
community it improves wellbeing and delivers inclusive economic growth
■ In this report, we provide - for the first time - a detailed analysis of the substantial contribution
that the College makes to the economy.
■ We find, for example, that the College's expenditure and capital investment has a substantial
impact:
■ In 2018/19, the College's total expenditure supported 750 jobs over and above its own
staff and a further £36 million in GVA across Scotland
■ The College's transformational capital expenditure programme - including its new City
Campus completed in 2016 - has helped to support an average of 950 jobs each year,
adding £414 million in GVA over the 8 year period.
■ It is however, through the contribution of the College's graduates that the greatest gains are
achieved. Using a detailed model of the Scottish economy, developed by the Fraser of Allander
Institute, we find that as a result of the 8 graduate cohorts covering the period 2011/12 to
2018/19:
■ The Scottish economy will be better off by over £6 billion in present value terms over the
long-term - or £56,000 per graduate
■ Over the long-term these graduates will boost public sector revenues by around £2 billion
(in present value terms) - leading to a net boost to the Scottish Budget of around £1.6
billion (in present value terms)
Executive Summary