Welcome for report revealing colleges’ contributions to the economy

MSP Graeme Dey.
MSP Graeme Dey.

A new report stating that Scotland’s colleges will contribute a staggering £1.2 billion to the economy by 2020 has been welcomed by SNP MSP Graeme Dey.

The report also found that for every £1 invested in further education, Scotland’s economy benefits by at least £3.20.

Mr Dey, whose constituency is home to Dundee & Angus College, said that the country’s colleges have a vital role in the nation’s economy.

He continued: “Colleges across Scotland have an important part to play in boosting the Scottish economy – training over 235,000 students, employing more than 13,500 staff and contributing over £1.2 billion to the economy by 2020.

“The SNP in Government has worked to transform further education, strengthening the sector and ensuring students can access high quality training and skills provision across the country.

“As a result, more students than ever are ready for work when they leave - with a recent survey of employers finding leavers in Scotland the most prepared for work in the UK.

“On top of this, recent Scottish Government figures have shown successes in the college sector, with even more course completions and record levels of learning hours benefiting students.

“Despite unprecedented budget cuts being passed down to us from Westminster, the current £522 million funding floor for college budgets in Scotland is higher than every year of the previous Labour/Lib Dem administration.

“The SNP Government’s efforts to provide opportunities for young people are making a difference. With the full economic powers only independence will bring, we can go further to strengthen the Scottish economy and ensure even more opportunities for our young people.”

Scotland’s colleges have been in existence for nearly 150 years with the first being established in 1865.

Dundee and Angus College was formed last year after the merger of Angus College and Dundee College.