Survey reveals Blenheim Palace’s impact on UK economy

Friday, 15 December 2017

©Blenheim Palace

A survey by Oxford Brookes Business School has revealed that Blenheim Palace contributes nearly £90m to the economy annually.

The study is part of a commitment by the Oxfordshire estate to triple its economic impact within 10 years.

The survey also found Blenheim Palace is responsible for supporting more than 4,900 jobs. A total of 527 of those jobs are either directly employed by Blenheim (307) or via their in-house caterers Searcys (220).

The survey looked at every aspect of the estate and included: visitor business, conferences and hospitality, construction and property, farming and game, in-house catering, industrial, mineral water and renewable energy trusts.

It will be repeated annually to gauge progress towards the ultimate goal of trebling their economic impact within a decade.

Other key findings showed Blenheim spends £17m annually with UK suppliers. More than a third (36%) of which is spent within a 20-mile radius of Blenheim Palace supporting over 1,000 jobs locally.

Of the 600,000 annual paying visitors to Blenheim Palace, nearly 14% stay in the area for more than a day and contribute an average of £336 to the local economy through a combination of accommodation, food and drinks, gifts, transport costs and other expenditure. 

If the long-term target of attracting 750,000 paying visitors per annum is achieved it would mean the total local spend would increase to £23m.

Events like the International Horse Trials and Countryfile Live made significant contributions with a combined direct GVA (Gross Value Added) of £12.8m -  before taking into account the spend of all those visitors.

Dr Sara Le Roux, Senior Lecturer at Oxford Brookes University, said: “I led a team of analysts which has captured the breadth of Blenheim's economic impact on its community, both local and further afield. As is the case with universities like Oxford Brookes, Blenheim brings tremendous benefits to the local, regional and national economy and our report has clearly identified the extent of this.”

Further information is available on the Blenheim Palace website where a full version of the report will be available to download in January.

 

Photo © Blenheim Palace