University gains business award

Honour: Rob McLoughlin OBE presents the Commercial Engagement Award to Lancaster University's Helen Fogg and Dion Williams.
Honour: Rob McLoughlin OBE presents the Commercial Engagement Award to Lancaster University's Helen Fogg and Dion Williams.
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Lancaster University’s work to support businesses and the economy has been recognised at the Educate North Awards.

Lancaster picked up the Commercial Engagement Award at a ceremony held at The Hilton Manchester Deansgate.

Lancaster University has helped create more than 4,000 jobs through working with more than 5,000 SMEs.

The university employs around 80 staff in dedicated business-support roles, and their activity leads to many more academics and students working with around 600 businesses a year.

An independent assessment identified Lancaster University to be worth at least £250 million to the regional economy, supporting more than 5,200 jobs, and worth £630 million to the national economy, protecting more than 10,000 jobs.

This review also revealed Lancaster’s business engagement projects, which are all research-informed, boosted the North West’s economy by £15.80 for each public sector pound received –demonstrating an outstanding return on investment.

Professor Mark E. Smith, Vice-Chancellor of Lancaster University, said: “Lancaster University is strongly committed to working with businesses of all sizes but is particularly proud of the support it offers to small and medium sized enterprises.”

The Educate North Commercial Engagement Award is the latest recognition for Lancaster’s work with businesses. In 2014, the university received the Small Business Charter Gold award