8 March 2019 | Herpreet Kaur Grewal
The Association of University Directors of Estates has published its annual Estates Management Report (EMR).
After gathering and analysing data reflecting the key activities and targets of estates management teams in more than 160-member universities across the UK, "it is evident that the overall performance level of university estates is better than ever", says the report.
It highlights that universities now spend more than £3 billion a year on capital projects as well as a similar figure on repairs, maintenance, energy, cleaning and security.
AUDE states that "such a large spend can come as a surprise to those not familiar with the sector, but this kind of ongoing investment in the higher education estate creates a positive ripple effect around localities from Falmouth in the South West to Inverness in the North".
The value of this investment to the local and national economy is "truly significant - and not just in the construction phase".
Universities are increasingly significant generators of economic activity above and beyond the teaching and research that they undertake. To this end, this level of investment is "a hugely important aspect of the country's economic prosperity".
The research has been developed in collaboration with global real estate adviser CBRE.