This is an excellent report.

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Presentation transcript:

This is an excellent report. The analysis is of very high quality; the authors have been able to calculate both economic and wider social impacts. The report demonstrates that UCC is an engine of growth for the Irish economy. Prof Sir Anton Muscatelli Principal and Vice-Chancellor, University of Glasgow

Former Eastern Bloc countries Nordic & Benelux countries Historical shortage of graduates High demand for skilled labour Net Nordic & Benelux countries Highly skilled population High income taxes VALUE Of a Degree Lifetime Net Benefit of Getting a Degree Compare with Non-Graduates, $’000 at PPP* Sources: OECD, 201 (for the year 2010) *Purchasing power parity

€2.3 million generated by UCC every day for the economy. UCC’s Impact at a Glance €2.3 million generated by UCC every day for the economy. €853 million - Total economic impact of UCC = €728 million in expenditure impact & €125 million in tax impact (incl social insurance contributions). 23% a leader in access to third level education. over 23% of ucc’s undergraduate intake are mature students, students with disabilities or non-traditional college-goers. …………………………………………….. UCC is changing the physical landscape of cork city for the better. UCC’s €241 million development plan is the largest planned by any organisation in Cork. ucc is a leader in collaboration with industry. ...................................................... €10 million in R&D secured and invested by UCC’s industry partners. ……………………………………………………. UCC supports 1 in every 15 jobs in cork city & county. ……………………………………………………….. UCC’s €96 million investment in creation & discovery = leading irish university with regard to actively seeking and securing investment in research and development. …………………………………………... Book of the year Atlas of the Irish revolution published by Cork University Press ……………………………………………………… Employment rates of UCC graduates are at historic high levels at 94% for undergraduate level and 95% at postgraduate level.

€5.68 return for every €1 of state investment in UCC. …………………………………………………… UCC’s irish students generate €135 million for the local economy this expenditure supports 3,675 jobs in the irish economy. ………………………………………………………. UCC has 58 clubs for its athletes operating from the Mardyke Arena. 103 different student-led interest societies run an average of 40 events per week. …………………………………………………………… UCC is the primary academic partner supporting nine hospitals in the south west hospital group. UCC impacts the physical health of the nation as much as it improves the fiscal health of the citizens. UCC’s international students generate €52.5 million for the local economy. This expenditure supports 1,421 jobs in the Irish economy. ……………………………………………….. €24.8 million in additional economic impact generated in the first year after graduation by graduates. .68 €5.68 return for every €1 of state investment in UCC. €30 million annual investment. …………………………………………………… Tyndall National Institute - €30 million annual investment in creation and discovery is in itself greater than that of the entire r&d investment in 2 of the 7 irish universities

€ 2.3 MILLION € 5.68 RETURN UCC’S ECONOMIC IMPACT FOR EVERY € 1 generated by UCC every day for the economy € 5.68 RETURN FOR EVERY € 1 of state investment in UCC

UCC’S WORKFORCE DEVELOPMENT IMPACT BE WORLD READY UNDERGRADUATE 94% Employment rates of UCC graduates are at historic high levels GRADUATE 95%

€ 187.50 MILLION UCC’S BUSINESS IMPACT UCC’s students generate for the local economy in expenditure

UCC’S CREATION & DISCOVERY IMPACT € 96 MILLION Investment in Creation & Discovery = € 10 MILLION in R&D secured and invested by UCC’s Industry partners

UCC’s SOCIETAL IMPACT OVER 23% of UCC’s undergraduate intake are mature students, students with disabilities or non-traditional college-goers, reflecting the ethos of equality, diversity and inclusion for all.