IMPACT

 

Jobs

New graduate jobs in Cornwall resulting from CUC Phase 1 and 2 investment:

1998 - 2008 = 526
by 2025 = 6,072

Total employment impact in Cornwall resulting from CUC Phase 1 and 2 investment:

1998 - 2008 = 1,778 jobs
by 2025 = 7,338 jobs

Source: independent economic model created by DTZ Pieda.

Higher Level Skills in Cornwall

% of people of working age with a NVQ level 4 qualification or higher:

 Location  Year  %
 Cornwall  2005

20.5% 

 Cornwall  2008 25.5%
 South West  2005 26.5% 
 South West  2008 28.3%
 UK  2005 26.5% 
 UK  2008 28.9% 

Average Earnings in Cornwall

Cornwall is beginning to close the earnings gap. In 1998, average weekly average earnings in Cornwall were 76% of the UK average: £253.40 vs £334.90.

In 2008, average weekly earnings in Cornwall were 80% of the UK average: £383.90 vs £478.60.

Working with Business

In 2007/8 the CUC partner universities and colleges assisted more than 200 local businesses at university level (this figure does not account for overlaps where multiple partners may be working with the same business).

In 2007/8, 15 Knowledge Transfer Partnerships were established between Cornish businesses and CUC partner universities.

In 2007, Combined Universities in Cornwall launched the Cornwall Innovators' Forum, attracting 166 business people to events designed to encourage innovation.

Gross Value Added (GVA)

The actual GVA effect of CUC Phase 1 and 2 investment in Cornwall in 2008 was £42 million.

The predicted GVA effect of CUC Phase 1 and 2 investment in Cornwall by 2025 is £183 million.