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We spend €40 million in Sligo every year.

  • 23-09-2007 5:17pm
    #1
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,125 Mod ✭✭✭✭


    I knew students contributed a vast amount to the local economy but I didn't think it was this much.

    http://www.sligoweekender.ie/news/story.asp?j=33735&cat=news
    STUDENTS of IT Sligo spent around €40 million in Sligo during the academic year. The figure was revealed in IT Sligo’s Spending and Living Patterns Survey 2007, which was carried out by last year’s Students Union executive.

    The market research survey shows students have an average weekly disposable income of around €140. Around 82% of them eat out at least twice a week in town, and most drink alcohol at least twice a week.

    Approximately 70% of students hold jobs in Sligo businesses.

    Students Union president Daniel McGarrigle said the student lifestyle had changed with the economy. “I am four years in Sligo living in Brookfield, Ballinode. Then there were 10 cars (in the estate). Now if you go up, there are at least two cars at each house with most having three.” A bank official told him that most of the student loans approved were for cars.

    He said he suspected all the businesses in town - the clothes shops, Dunnes and Tesco - benefited from having students living here.

    “Taxi men always say it. They can’t wait to have the students back. That is a reflection of the rest of the businesses in town,” he said.

    The survey asked students what type of accommodation they were living in, how much rent they were paying, if they got a grant, and how many hours they worked. It also looked at the cost of food, alcohol, entertainment, clothes, medical bills and other expenses.

    The college welcomed around 1,000 new first-year students last week. The rest of the student body returned to college yesterday (Monday). The number of full-time students attending the IT is now more than 3,500.

    Freshers’ Week is due to begin next Monday, September 24 with events taking place all day every day, on and off campus.


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