University of Poitiers Generates 720 Million Euros Annual Economic Impact

A recent study has unveiled that the University of Poitiers contributes a staggering 720 million euros annually to the local economy. This analysis, conducted by the consultancy firm CMI, focuses on the economic impact based on 2021 data. The university, which houses approximately 30,000 students and staff, is not only a significant educational institution but also serves as the second largest employer in the Vienne department, providing 2,700 jobs.

For every job created at the university, it generates an additional 2.3 jobs in the local economy, highlighting its role as a major catalyst for employment. The university operates on a budget of 300 million euros per year, contributing to a multiplier effect of 2.4, indicating that each euro invested in the university returns 2.4 euros in economic benefits.

Vice-President Thomas Rogaume remarked on the university's substantial influence, stating, "We are a heavyweight in the local economy," underscoring its impact not only on livelihoods but also on the broader economic framework in the region.

The study's comprehensive nature involved analyzing thousands of data points over a period of six months to accurately quantify the socio-economic contribution of the institution. The findings serve as essential data for discussions regarding future budget allocations at local, regional, and national levels.

Moreover, university president Virginie Laval highlighted the importance of these results in shaping strategic actions and discourse regarding the university's future planning. The university's performance extends to social mobility, achieving higher success rates in licenses and master’s degrees compared to national averages, thus reinforcing its role as an essential tool for local youth advancement.

Overall, the University of Poitiers stands as a crucial entity in fostering economic growth and social mobility, with significant implications for the local community and beyond.