1 year, 7 months ago
Impact Report: the 10 year edition
Introducing the special 10 year edition of our annual Impact Report.
This week we are celebrating 10 years of Here East. To mark the occasion, we are also publishing our annual Impact Report, which commemorates ten years of innovation and collaboration. The report analyses the impact on the local area and shares stories from people who work and study on campus to mark our tenth anniversary.
We are proud to release new data within the Impact Report that shows the scale and impact of Here East over the last 10 years. The independent data from Oxford Economics reveals that over the past decade, Here East has created over 10,300 employment opportunities, sustaining £317million in wages and contributing £700million in GVA towards GDP in 2021.
According to the data, over three quarters of respondents reported that the size of their workforce had expanded because of being based at Here East. Similarly, nearly two thirds of business respondents reported that since moving to Here East, their turnover or sales have grown. Almost all (99%) of the tenants surveyed by Oxford Economics had collaborated with another business on the Here East site, leading to improved knowledge sharing and the upskilling of employees.
The findings by Oxford Economics surpass expectations, with the current productivity, employment and GVA contributions exceeding the forecasts made by Oxford Economics in a 2012 report for the original Here East bid.
You can read this and much more in this year's Impact Report. Keep a special eye out for the 10 Years 10 Stories section where we hear from people who have been a part of the journey and represent the impact we look to create.