Economic Impact Report

As the third-largest employer in Waltham Forest, the College delivers much needed skills through high-quality learning experiences to a diverse range of students. In addition to its substantial educational and social contributions, Waltham Forest College is a vital economic driver for the region and the UK, delivering exceptional value for money from the public purse. To highlight this, London Economics were commissioned to conduct an independent analysis of its economic impact.

The resulting analysis, focusing on the 2022-23 academic year, reveals that Waltham Forest College’s activities generated a total economic impact of £304 million.

Key findings include:

• The impact of the College’s teaching and learning activities amounted to £221 million (73%), including £154 million accrued by students and £67 million for the Exchequer
• The impact generated by the College’s operating and capital expenditures was £83 million (27%), including £28 million of direct impact and £54 million of indirect and induced impact
• In terms of geographical distribution, £55 million of the impact was generated in London, with the remaining £27 million benefiting the rest of the UK

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