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Southern Cross University worth $483 million to regional economies - 18/11/2009

Southern Cross University will be worth an estimated total of more than $483 million to the regional economies of the Northern Rivers, Coffs Coast and the Gold Coast and Tweed Heads in 2010, according to new economic reports.

The economic reports have been completed by Southern Cross University’s Regional Futures Institute, using the computer-based Regional Economic Modelling and Planning System (REMPLAN).

The reports have found that in 2010 the value of Southern Cross University to the Northern Rivers region will be $291 million; to the Coffs Coast $67 million; and to the Tweed and Gold Coast region $125 million.

The report also found that an estimated 2774 jobs (including direct employment, construction and student expenditure impact) can be attributed to the University across the entire region.

Associate Professor Jeremy Buultjens, director of the Regional Futures Institute, said the economic modelling was based on an input-output model.

“This is a standard modelling tool which gives an estimate of the value of an economic activity on a regional economy,” Professor Buultjens said.

“We have used the number of employees and non-local student expenditure as inputs to the model, which then allows us to determine the estimated output in economic value, jobs and household income,” Professor Buultjens said.

Southern Cross University Vice Chancellor Professor Peter Lee said the reports provided a clear message about the economic value of the University to the region, stretching from the Coffs Coast north to the Gold Coast.

“Education is a key industry across this region, providing not only opportunities for students but contributing to the overall economic and social development of communities,” Professor Lee said.

“We are investing heavily in this region and are committed to providing increased opportunities for high quality university education. The federal government has set a target of 40 per cent of all 25- to 34-year-olds to hold a qualification of at least bachelor level by 2020, and we are certainly aiming to contribute to meeting that target.

“Our new Gold Coast campus will open in February 2010, we are building a new primary health care clinic and swimming pool and gymnasium at our Lismore campus, and are planning a $10 million expansion at Coffs Harbour.”

Professor Lee said the University was also taking a prime role in environmental sustainability and the social and cultural development of the regions.

“We have strong connections with many business and community organisations and we will continue to look for new ways to strengthen those ties.”

Lismore


  • This report details the estimated economic impact of Southern Cross University’s (SCU) Lismore campus on the local economy. In this study the local economy refers to the five Australian Bureau of Statistics (ABS) identified Local Government Areas (LGAs) of Lismore, Byron, Ballina, Richmond Valley, and Kyogle. These five areas are collectively referred to as the Greater Lismore/Ballina Region for the purposes of this report.

  • In 2010, it is projected there will be 1473 staff employed at SCU’s Lismore campus catering for 2849 EFTSL (equivalent full-time students).

  • The estimated impact of SCU’s Lismore campus on the surrounding region’s economy is analysed in two key phases. Firstly, the ongoing impact for 2010 was measured utilising the number of employees and non–local student expenditure as inputs to the model. Secondly, the direct construction effects (2010) related to new campus developments were established



Total Economic Impact – Direct Employment| Construction Effects| Student Expenditure
Greater Lismore/Ballina Economy, Southern Cross University – Projected 2010


Region’s value of annual output attributable to SCU (including direct employment, construction and student expenditure impact) - $291.178m
Region’s employment attributable to SCU (including direct employment, construction and student expenditure impact) - 1873 jobs
Region’s annual household income attributable to SCU (including direct employment, construction and student expenditure impact) - $139.340m

Tweed and Gold Coast

  • This report details the estimated economic impact of Southern Cross University’s (SCU) Tweed and Gold Coast campuses on the local economy for the years 2010 and 2012. In this study the local economy refers to the Australian Bureau of Statistics (ABS) identified Local Government Areas (LGAs) of Tweed Heads and the Gold Coast, termed for the purposes of this report the Tweed–Gold Coast region.

  • In 2010, it is projected there will be 247 staff employed at the three teaching locations - SCU Riverside, Brett Street, Tweed Heads, SCU Lakeside, Caloola Drive, Tweed Heads, the new Gold Coast campus at Bilinga, and Airport Central offices, catering for 848 EFTSL (equivalent full-time students).

  • The estimated impact of SCU’s Gold Coast and Tweed Heads campuses on the surrounding region’s economy is analysed in two key phases. Firstly, the ongoing impact for 2010 was measured utilising the number of employees and non–local student expenditure as inputs to the model. Secondly, the direct construction effects (2010) related to new campus developments (Beachside) were established.



Total Economic Impact. Direct Employment| Construction Effects| Student Expenditure.
Tweed–Gold Coast Regional Economy. SCU – Projected 2010


Region’s value of annual output attributable to SCU (including direct employment, construction and student expenditure impact)- $125.284m
Region’s employment attributable to SCU (including direct employment, construction and student expenditure impact) -531 jobs
Region’s annual household income attributable to SCU (including direct employment, construction and student expenditure impact) - $35.975m

Coffs Harbour

  • This report details the estimated economic impact of Southern Cross University’s (SCU) Coffs Harbour campus on the local economy. In this study the local economy refers to the Australian Bureau of Statistics (ABS) identified Local Government Areas (LGAs) of Coffs Harbour, Bellingen and Nambucca. These three areas are also referred to as the Coffs Coast Tourism Region, and this is the term used in this report.

  • In 2010, it is projected there will be 216 staff employed at SCU’s Coffs Harbour campus catering for 998 EFTSL (equivalent full-time students).

  • The estimated impact of Southern Cross University on the Coffs Coast region’s economy is analysed in two key phases. Firstly, the ongoing impact for 2010 was measured utilising the number of employees and non–local student expenditure as inputs to the model. Secondly, the direct construction effects (2010) related to new campus developments were established.



Total Economic Impact – Direct Employment| Construction Effects| Student Expenditure
Coffs Coast Regional Economy, Southern Cross University – Projected 2010


Region’s value of annual output attributable to SCU (including direct employment, construction and student expenditure impact)- $66.829m
Region’s employment attributable to SCU (including direct employment, construction and student expenditure impact) - 370 jobs
Region’s annual household income attributable to SCU (including direct employment, construction and student expenditure impact) - $26.605m

Photo: Vice Chancellor Professor Peter Lee.

Media contact: Brigid Veale, Southern Cross University communications manager, 02 66593006 or 0439 680 748.


For further information, please contact:
Communications and Publications
Southern Cross University
PO Box 157 • Lismore NSW 2480 • Australia
T +61 2 6659 3006 or +61 2 66203508 • e scumedia@scu.edu.auw www.scu.edu.au/scunews