University College Cork helps generate €3.2m everyday for the Irish economy.
A new report found UCC is also Cork's third largest employer.
Key findings of the report
- UCC helps to generate €3.2 million every day for the Irish economy.
- UCC provides a return of €6 for every €1 of state investment.
- UCC adds €1.18 billion to the economy annually, with its students and staff and visitors, significantly contributing to the local and national economies through direct, indirect and induced spending, supporting local businesses and connecting Cork to the world.
- UCC continues to be Ireland’s leading university for industry collaboration and separately secured €113 million in competitively won research and innovation funding in 2022/23.
- UCC is one of Cork’s largest employers with the University supporting almost 1 in every 13 jobs in Cork city and county.
- UCC has taken a lead role nationally in widening participation and access to third level education, with 21% of undergraduate student intake through alternative access pathways.
- UCC’s riverside campus and its Glucksman Gallery is a significant draw for thousands of visitors every year. Over 54,000 people visited the Glucksman Gallery at UCC in 2023 and over 3,500 visitors come to UCC annually to attend conferences.
- Over 7,500 students graduate annually from UCC, with 96.5% of UCC undergraduates employed or in further study 9 months after gradation.
Professor John O’Halloran, President of UCC said:
“UCC is an economic and cultural powerhouse that supports and grows our regional and national economies, while furthering insight, research and innovation. The report provides the evidence that the societal impact of UCC is as wide as the economic impact is deep. The University is a global gateway that attracts students from 126 countries and we have a long proud history of contributing talented graduates to Ireland’s national skills force” states
