University of Suffolk college students spent £33.2m within the borough of Ipswich in 2017/18, the economic impact file stated.
The Ipswich-based totally college, which was given college status in 2016, is home to 4,530 complete-time students.
As well because the financial impact the examine says the university has been a catalyst for development within the metropolis.
The unbiased file, which has been posted by way of Biggar Economics, stated that for each £1 of income the college generated £3.
It stated the college generated £103m Gross Value Added (GVA) throughout the United Kingdom in 2017/18, assisting 2,270 jobs – extra than half of which changed into in Suffolk.
Prof Helen Langton, the vice-chancellor of the university, said it “set itself at the heart of its local communities and placed financial boom on the center of its method”.
Amy Grant, 22, vice-president of the University of Suffolk Students’ Union, stated the file confirmed the university scored fantastically for bringing humans from special backgrounds into better schooling – with 25% of college students coming from low participation neighborhoods.
She stated: “I assume it’s miles crucial now not simply to have a look at the cash side of things but on the demographics of our scholar body, it indicates we are having an impact on the local community in addition to the local economic system.
“There are plenty of NHS students – nurses, paramedics, etc – who will live in Suffolk. They are most likely to be offered jobs either where they have their placements or some place else within the wider area.”
The report said the university had additionally been catalytic to the regeneration of the waterfront region.
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