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The University of Kent supports nearly 7,000 jobs and injects £600 million into the regional economy, according to a survey.
Research by independent consultants found that its financial impact has doubled in the past five years, with activities such as teaching, research, innovation and enterprise, conferences, events and local contracts contributing to the university's huge financial influence.
Student spending power is also a factor, pumping a massive £211m into the economy, with £31m coming from international students.
The study also found that nearly 6,800 direct and indirect jobs are supported by the university, which has campuses in Canterbury, Medway and Tonbridge. This includes 2,550 full-time equivalent jobs as an employer.
The findings in "The Economic Impact of the University of Kent", undertaken by Viewforth Consulting, relate to 2009-10.
University vice-chancellor Professor Dame Julia M Goodfellow said: "This study highlights one aspect of the hugely positive impact the University of Kent and its students have on the south east. As well as bringing economic benefits to the region, the university also has a major cultural and social impact."
Denise Everett, deputy vice-chancellor, added that proposed capital developments at Canterbury and Medway would produce further significant knock-on economic benefits over the next few years.