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Regional Impact: Leamington Spa

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Download a 6 page printer friendly pdf of the leaflet 'Your Area Our Impact'(PDF Document) on the Regional Impact Study findings for Leamington Spa.
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Your area LeamingtonLeamington image

Focus on Leamington
economic_impact172.jpg innovation_172.jpg education_172.jpg global_172.jpg culture172.jpg

economic.jpgEconomic impact

£84m

Total economic impact on Leamington Spa in 2011/2012

1,852

jobs supported by University expenditure 2011/2012


£64.5m

Value of student expenditure to the local economy

Bosch carSupporting a vibrant local economy

In 2011/2012...

The total value of the University of Warwick’s economic impact on Leamington Spa was £84m.

This economic impact was mostly created by the 4933 University of Warwick students living in Leamington Spa, whose expenditure was worth £64.5m to the Leamington economy. This figure is based on methodology developed by the Department for Business, Innovation and Skills and is reduced to take into account student term-times, living in the family home and circular spending.

This means the average annual economic impact of each Warwick student to Leamington’s economy was £13,075.

514 members of University and Students’ Union staff live in Leamington Spa, creating £16.8m of economic benefit. Finally, the University and Students’ Union generated £2.3m of economic impact by purchasing goods and services from 93 Leamington businesses. This economic impact supported 1852 jobs in Leamington Spa.

innovation.jpgInnovation

75

new jobs created across the region in 2012/13 by the WMG SME team


1,900

Warwick graduates live in Leamington Spa

£2.9m

funding won by Warwick Business School in 2012 to launch a new Enterprise Research Centre to boost SME performance


SolarA regional hub for world-leading research and innovation

In the first quarter of 2012, Leamington Spa set a new record for business start-ups, with 164 new companies formed – many of these in the ‘Silicon Spa’ technology and gaming cluster. Supported by close links to the University’s WMG International Institute for Product and Service Innovation, as well as Coventry University’s Serious Games Institute, Warwick graduates are becoming Leamington’s newest wave of entrepreneurs.

Warwick graduates at the heart of Silicon Spa

In 1999, entrepreneur and Warwick graduate John Cooke, with his business partner Simon Jones, started their own business: Black Pepper Software Limited. Initially based in a spare bedroom in Lillington, the business has grown to employ over forty people. John and Simon made some conscious decisions about how they wanted to run their business, one was to embrace the agile approach to developing software, another was that they would be based in Leamington town centre and today Black Pepper has offices on Clarendon Street. The company works with blue chip businesses in both the UK and Europe to deliver leading edge software solutions; and bringing John’s story full circle, Black Pepper are currently working with the University of Warwick to deliver a number of interesting projects.

education.jpgEducation and Training

23,226

Graduates registered as still resident in the West Midlands

£1.9m

In 2010/11, the University delivered £1.9m in Continuing Professional Development to organisations in the region


520

Warwick Medical School students worked in the region’s hospitals and GP’s surgeries in 2011/12.


bioscistudents_150.jpgProviding the highest quality education and skills for Leamington’s workforce

In 2012/13 the University of Warwick was ranked as the best University in the Midlands by all four major UK university league tables. It was placed 5th by the Guardian, 6th by the Complete University Guide, 10th by the Sunday Times, and 8th by the Times Good University Guide. There are currently over 1,900 Warwick graduates living in Leamington Spa, with hundreds more living in the region but working in the town. Warwick graduates account for 3% of the West Midlands population with NVQ Level 4 qualifications and above, a significant proportion of the region’s highly skilled labour force.

Training the region’s teachers and doctors

The University’s Institute of Education’s teacher-training courses admits around 500 students each year. In 2010/11, 178 were working as teachers in the West Midlands.

Around 520 Warwick Medical School students undertook clinical placements, either at local hospitals or GP practices in the West Midlands.


global25.jpgGlobal connections

83%

of Warwick's international students would recommend the University - higher than the national average

500

Warwick undergraduates participated in an international exchange during 2012/13

72

The number of countries Warwick’s international students come from

GlobalAs part of the University’s internationally-renowned approach to working with business, WMG has developed a close relationship with Jaguar Land Rover, a major employer in the region with many staff living in Leamington Spa. JLR has located 180 of its R&D staff on campus as part of a programme which will generate £100m of collaborative research over 10 years. JLR and Tata are also funding, with the UK government, the development of the National Automotive Innovation Campus at Warwick; a £100m investment in a state-of-the-art new building on Warwick’s campus announced at the end of 2012.

Warwick is one of the UK’s most culturally diverse universities, with 8,350 international students from 72 different countries on campus in 2011/12. Our international students make up 40% of all Warwick Volunteers, and organise events like One World Week, which, with over 200 student volunteers, is arguably the world’s largest student-run international event.

In addition to economic benefits to Leamington and regional tourism created by visiting families and friends, our international students act as ambassadors for the region and the town. Over 45,000 international alumni are resident in 193 countries and 83% of our international students would recommend the University of Warwick – higher than the national average.

culture.jpgCulture and community

2,500

Registrants for Warwick Volunteers every year

£27.7m

Total value to the local economy of the Arts Centre

62%

of visitors to Warwick Arts Centre come from Coventry and Warwickshire


Students as a part of the Leamington Spa community


Sydenham
Warwick Volunteers

Warwick Volunteers is one of the UK’s largest and most popular student volunteering schemes. It attracts 2500 registrants each year and its mentoring scheme alone has been estimated to have a social-economic worth of £1m to the local community.

In 2012-2013 Warwick Volunteers will have run 23 different projects with 11 schools in Leamington Spa. One of the Leamington schools that Warwick Volunteers have developed strong relationships with is Sydenham Primary School. Reading volunteers have substantially increased children’s reading levels and also built their aspirations, confidence and self-esteem by providing them with positive role models. Other activities have taught children baking skills, while volunteers from the Cricket and Politics student societies shared their skills in after-school sessions.

Please send my thanks to all the wonderful volunteers who have helped us this term. We have been very spoiled and feel that your reading volunteers have really helped our children’s progress and that your club volunteers (Bake it up, Aliens and Politics and Cricket) have expanded the children’s horizons and given them great opportunities that we would not have been able to provide. Thank you all very much.
Carla, Headteacher at Sydenham Primary School
Arts CentreThe University as a cultural centre on Leamington’s doorstep...

Warwick Arts Centre is the second largest arts centre in the UK. 62% of visitors come from Coventry and Warwickshire. It hosted 494 individual performances, with an annual audience of 270,000 in 2010/11. An independent study estimated the total value to the local community from the Arts Centre to be £27.7 million.