A Socioeconomic Impact (SEIM) report by EMSI has shown that West Cheshire College brings £117m in benefits to its local economy. In addition, learners at the college will on average see a gain of £931 in annual income for each qualification earned.
From the Chester Chronicle:
Economists assume a 4% rate of return on government investments, but when EMSI looked at West Cheshire College, which has campuses in Chester and Ellesmere Port, the rate of return was an impressive 17%.
The outcomes of the report break down the impact West Cheshire College has on learners, businesses, taxpayers and society in general.
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Principal, Sara Mogel, said: “Further Education Colleges make a tremendous contribution to society and its economy. At West Cheshire College we recognised this, but even we have been amazed at the size of our own contribution. We won’t be resting on our laurels, but will continue to work hard to make West Cheshire a stronger economy and society.”
The college has posted a press release as well as the full results of the study.