Practice area: | Education and Labour Markets |
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Client: | Waltham Forest College |
Published: | 17 December, 2024 |
Keywords: | economics of education further education 2024 apprenticeships Public Policy |
London Economics were commissioned to assess economic impact of Waltham Forest College’s activities, focusing on the 2022-23 academic year. The analysis considers the impact associated with the College’s teaching and learning activities, as well as the impact associated with Waltham Forest College’s expenditures (i.e. the College’s physical footprint)
Key findings
- Waltham Forest College’s activities in 2022-23 generated a total economic impact of £304 million.
- The impact of the College’s teaching and learning activities amounted to £221 million(73% of the total), including £154 million accrued by students and £67 million for the Exchequer.
- The impact generated by the College’s operating and capital expenditures was £83 million(27% of the total), including £28 million of direct impact and £54 million of indirect and induced impact. In terms of geographical distribution, £55 million of this impact was generated in London, with the remaining £27 million benefiting the rest of the UK.
The report can be found here.