Survey reveals Blenheim Palace’s impact on UK economy
Friday, 15 December 2017
A survey by Oxford Brookes Business School has revealed that Blenheim Palace contributes nearly £90m to the economy annually.
study is part of a commitment by the Oxfordshire estate to triple its economic
impact within 10 years.
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).
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.
will be repeated annually to gauge progress towards the ultimate goal of
trebling their economic impact within a decade.
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.
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.
long-term target of attracting 750,000 paying visitors per annum is achieved it
would mean the total local spend would increase to £23m.
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
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.”
Photo © Blenheim Palace