Our Economic Impact - Blenheim Palace: World Heritage … · afternoon tea as part of their day out...
Transcript of Our Economic Impact - Blenheim Palace: World Heritage … · afternoon tea as part of their day out...
Our vision is to be the lifeblood of the local economy, to enhance the lives of the people of Oxfordshire, to share this magnificent Palace and to conserve and protect it for future generations.
We are in year two of our ambitious 10 year plan, which underpins everything we are doing at Blenheim and involves everyone and every area of the Estate. The plan will revolutionise virtually every aspect of our Oxfordshire World Heritage Site.
The goals include tripling the Estate’s contribution to the local economy, housing 300 families in truly affordable homes, becoming one of the UK’s top 100 employers, training over 100 apprentices, and doubling our charitable contributions.
We believe there is no possible vision for a successful and flourishing Blenheim which does not depend on a flourishing and successful set of communities around it – and the same is true in reverse.
Last year we asked Oxford Brookes Business School to capture the economic impact of Blenheim so that we can measure and track our progress in achieving our 10 year goals.
Understanding the scale of our economy and gaining insight into those of our activities which generate the highest contribution to the local economy is critical to this ambitious goal.
We are very proud to set out, for the first time, this robust and comprehensive statement of Blenheim’s economic contribution to our area.
“
”Dominic Hare CEO
Blenheim’s economic impact was captured by Oxford Brookes Business School
The study encompasses the breadth of Blenheim
Operational Partners
This report uses the following terms which are defined below: • Gross domestic product (GDP) is the principal means of determining the
health of the UK economy
• Total economic impact comprises the direct, indirect and induced impact
that Blenheim has on the UK economy, in terms of the contribution to GDP
and jobs created/supported
• Direct economic impact captures the economic stimulus provided by
Blenheim itself, as well as the businesses supplying Blenheim with goods
and services
• Indirect economic impact refers to the economic stimulus provided by
Blenheim and the businesses supplying goods and services when they
procure goods from their supply chain
• Induced economic impact refers to consumer spending by those directly
employed by Blenheim and the direct supply chain
• Gross value added (GVA) is the contribution made by Blenheim to Gross
Domestic Product (GDP)
• Jobs supported refers to those directly employed by Blenheim, as well as
the jobs created in the wider economy as a result of our economic impact
• Local means within a 20 mile radius of Blenheim Palace
For data accuracy, 12 months data was collected across two timelines and covers from Jan-Dec 2016 & April 2016-March 2017
Visitor Business
Mineral Water
Renewable Energy
Construction & Property
Farming & Game
Trusts
Conferences & Hospitality
In-house Catering through Searcys
Events
600,000 paying
visitors come to Blenheim
every year; many enjoy
spending time in the local area
We employ 7 apprentices
Visitors to Blenheim Palace have a total economic impact of
£34.3m GVA to the UK economy
4,912 jobs
supported by Blenheim
£12.1m GVA
is the direct economic
contribution of Blenheim
We directly spend £16.9mwith UK suppliers
£17.4m GVA total economic impact generated by Blenheim’s operational partners such as catering and events
36% of our supplier spend is within a 20 mile radius of Blenheim
£71.8m GVA
total economic impact from
direct operations of Blenheim
Headline Facts & Figures
£1.1m of charitable
donations raised or made
by Blenheim
307 staff are directly employed
by Blenheim
£89.2m GVA
total economic impact
of Blenheim
147 staff are
directly employed by our
in-house caterers, Searcys
£13m GVA is the
economic contribution made
from expenditure on goods
and services by Blenheim
We drive economic growth within our local communities and across the UK
Direct economic contribution of Blenheim
£12.1mGVAis directly generated to the UK economy
We directly generate
£12.1m GVAwhich is the sum of employment costs and surplus on operations before depreciation and interest costs
307 staff are directly employed by Blenheim
£6.5m GVA
is generated directly from other areas including construction, property, hospitality, farming and renewable energy
£5.6m GVA is generated directly from Blenheim Palace visitor business
We spend with UK suppliers on goods and services
£4.7m
We provide a healthy boost to the economy.
It is our duty to support local suppliers, and
spending locally is important to us.
We are committed to all our suppliers, and to
building long lasting, positive and profitable
partnerships.
is spent with local suppliers
St George’s Studio has supplied military
figurines to Blenheim for over 36 years, and
they can be purchased in the East Courtyard
Shop, located in the Visitor Centre.
CASE STUDY
“With its strong military connection, Blenheim has proved an ideal outlet for my work.
I would find it very difficult, if not impossible, to carry on trading anywhere else. I have an excellent working relationship with the retail team.”Dino Lemonofides, Owner of St George’s Studio
St George’s Studio
We directly spend
£16.9m with UK suppliers
£4.7m (36% of
our spend) is within a
20 mile radius of Blenheim
2,910 jobs
are supported by this
spend across the UK
1,049 of these
jobs are within a 20 mile
radius of Blenheim
Our spend with suppliers contributes £13m GVA to the UK economy
£
307staff are directly employed by Blenheim
We create jobslocally and nationally
We invest in peoplethrough apprenticeships and training
We off er a stunning and unique place to work
and are proud to be a major employer in
Oxfordshire, with a large and diverse team.
*Centre for Economics and Business Research (CEBR 2014)
We employ
7 apprenticesWe provide workshops,
training and excellent
benefi ts for all our staff
On average, apprentices
are also more likely to be
found in stable and longer
term employment*
For every £1 invested in
apprenticeships the national
economy gains £21 in terms
of return on investment*
307 staff are directly employed by Blenheim
147 staff at Blenheim are directly
employed by our in-house
catering partner, Searcys
“I have been working at Blenheim as an apprentice for five months and I have gained valuable experience and qualifi cations. Th e team have been welcoming and supportive, and have encouraged me to achieve more than I imagined.”Will Thompson, Apprentice at Blenheim
4,912 jobs
are supported by Blenheim
Our visitors spend money in the local areas
Blenheim is surrounded by beautiful and welcoming communities, which our visitors love
to spend time in, often buying gifts, eating in restaurants or staying overnight. Their spend
outside Blenheim helps stimulate and support local businesses, enabling us to grow and
prosper together.
Multi-day visitors account for 13.7% of our paying visitors.
600,000
paying visitors
£152 on accommodation
£42 on gifts in local shops
£69 on other items
£25 on travel to and from Blenheim Palace
£48 on food and drinks in cafés and restaurants
During their trip, they spend
£336 on average, outside Blenheim
£34.3m GVA is generated
965 jobs are supported because of the impact of visitor spending
The Feathers Hotel
is set in the heart of
Woodstock. It has 21
individually designed
bedrooms and a
highly regarded
restaurant.
CASE STUDY
“We consider our proximity to Blenheim Palace to be one of our strongest selling points. Guests come from far and wide to visit Blenheim, and many stay with us for several nights to explore the surrounding area as part of their stay. We certainly see higher demand for bedrooms when there is a large event taking place, and we also welcome many guests for lunch or afternoon tea as part of their day out when visiting the Palace.”Dominique Ghislain, Manager at The Feathers Hotel
The Feathers Hotel
300high quality, truly aff ordable homes
Our 10 year goal
Our 10 year goal is to deliver 300 high
quality, truly aff ordable homes of which
communities can be proud.
We will support these new homes with
infrastructure, and invest in schools and
a doctor’s surgery.
We create aff ordable homesthrough our investment in residential developments
27 homes have been built at Home Farm in Bladon, of which fi ve are aff ordable, six have been sold on the open market, and 16 have
been let on the open market
Blenheim construction
projects contribute
£9.5m GVA
Supporting
133 jobs
Our catering and event partners add to the overall economic impact
Economic impact of our caterers Searcys
We host a wide variety of exciting events all year round. Managed
by external partners these events support the local economy,
directly by employing local people and making use of the
immediate infrastructure, and indirectly through visitor spending
both inside and outside of Blenheim.
Our figures are demonstrative of the direct impact of the event
itself, but the actual contribution of visitors, exhibitors and those
who came to the event and stayed in the area is probably several
times this amount; measuring exact indirect impact was beyond
the scope of this study.
Economic impact of our events
* We have only measured events that attract more than 25,000 visitors
£17.4mGVA total economic impact of our business partners
Countryfile Live saw 125,000 visitors
generating £9.9m
GVA and supporting
246 jobs
Blenheim International Horse Trials saw 45,000 visitors
generating £2.9m GVA
and supporting
79 jobs
£12.8m GVA contribution from events at Blenheim, supporting 325 jobs*
Searcys directly employ
147 staff£4.6m GVA contribution from Searcys,
supporting 220 jobs
CASE STUDY
“Blenheim is a friendly, honest company with a committed team that shares a common goal of creating the best product for customers whilst being open and true with suppliers. Working with Blenheim reinforces our commitment and procurement policy to source from local and regional areas. The relationship is 50:50; there’s mutual respect between the companies, and it’s fun!” Matthew Alden, Managing Director at Aldens Butchers
Aldens - Oxford’s oldest butcher
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We have a long history of raising and donating money to charitable causes. We also
support charities by offering complimentary passes, educational talks & tours, and
goods from the Estate.
We support charities through raising money and donations made at Blenheim
£1.1m raised or donations made
• Bloodwise
• British Heart Foundation
• Pink Ribbon Walk• Royal British Legion • WWF UK• Oxford Historic Churches• Helen & Douglas House
£26,300 imputed value of facilities provided
£913,050
• Visits & guided tours to local schools and educational institutions
£99,200 £16,300• Complimentary passes • Other local donations
£11,010
£1.1mraised or donations made
“We were delighted to be chosen as the 2017 Blenheim Charity of the Year. The fundraising contributions provide vital support for people in the local area with cancer, and their family and friends. We are grateful for all the hard work that the staff at Blenheim have put into the partnership as it has made a huge difference.” Pip Dingle, Fundraising Manager at Maggie’s Oxford Centre
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GVA Contribution
Employment Supported
Direct economic contribution of Blenheim £12.1m 307
Impact of Blenheim expenditure on supplies £13m 2,910
Impact of staff expenditure £2.9m 52
Impact of visitor spending £34.3m 965
Impact of construction investment £9.5m 133
Total impact of direct operations of Blenheim £71.8m 4,367
Impact of Searcys at Blenheim £4.6m 220
Impact of Countryfile Live at Blenheim £9.9m 246
Impact of Blenheim International Horse Trials £2.9m 79
Total impact of business partner operations at Blenheim £17.4m 545
Collated total impact of Blenheim £89.2m 4,912
We’re working hard to do more than ever for our local communities, and this economic impact survey is the first step to measuring how well we are doing on our journey.
We’re proud to be part of the local communities and to invest in the economic, social and cultural life of those who share it now and for generations to come.
Summary
£89.2m GVA total economic impact of Blenheim
£17.4m GVA total economic impact generated by Blenheim’s operational partners, such as catering and events
£71.8m GVA total economic impact of direct operations of Blenheim
“
”Dominic Hare CEO
Build high quality,
aff ordable homes
for 300 families
Become a net generator of
green energy
Reacquire or borrow
key works from the Palace’s lost collections
Secure endowment of
£45 million to conserve
our World Heritage Site
TRIPLE our economic contribution to the local area
Complete
£40 million of vital restoration work
Our 10 Year GoalsOur 10 year goals refl ect our core purpose, which is to be the lifeblood of the local economy, to enhance the lives of
the people of Oxfordshire, to share this magnifi cent Palace, and to conserve and protect it for future generations.
Train over
100 NEW apprentices in roles
across the Estate
Achieve annualpaying visitor
numbers in excess of
750,000
DOUBLE our charitable
contributions tothe community
Become oneof the UK’s
TOP 100 employers