Social value demonstrated at Glasgow University Learning Hub
A new report by Multiplex has demonstrated that construction of a Glasgow University learning hub generated over £135m in social value and economic impacts.
Multiplex was the lead contractor for the James McCune Smith Learning Hub and is programme delivery partner for the University of Glasgow’s campus development programme.
It produced the social value report using a methodology accredited by professional body Social Value UK. The report shows that £1.87 has been generated in return for every £1 spent by the university in the construction of the new learning and teaching facility.
The building will accommodate over 2,500 students, including a lecture theatre with capacity for 500 people, as well as other teaching spaces ranging in capacity from 75 to 340 students. The hub also includes a number of seminar and group study spaces, as well as a café on the ground floor. In addition, it is designed to serve as a conference venue.
The economic impacts are being felt locally by businesses and supply chain partners, but the report also details other social outcomes, such as the value of education, training and work opportunities generated by the project.
The project has generated investment of over £73m in the local area, including economic benefits for local supply chains and companies that service the site, as well as over £45m to the economy. Employment opportunities including apprenticeships, work placements and new entrants have delivered a social impact of over £11m. Training opportunities valued at over £1.5 million have also been generated by the project, including health and wellbeing initiatives, first aid and other training courses.