Over ten years, we will double the benefit to local economies from our organisation.
In partnership with the University of Derby and with funding from Innovate UK, we developed a bespoke methodology for measuring our economic impact. These skills are now embedded within our organisation, allowing us to measure progress against this goal. As the assessment is resource-intensive, we calculate and report on our economic impact on a biennial basis.
Economic impact is measured using Gross Value Added: the combined value of direct and indirect goods and services. We also calculate the number of jobs directly and indirectly supported by the Devonshire Group’s operations.
In 2023/24, the Devonshire Group contributed £231 million in GVA, up 13% from our 2019/20 baseline. Importantly, £163 million of this value was generated within 30 miles of our estates, strengthening local economies and supporting communities.
In the meantime, our efforts remain focused on four key priorities to support the delivery of our long-term ambition:
Sustainably growing our businesses to create high-quality employment opportunities
Increasing the proportion of goods and services procured locally
Providing the space and opportunity tenants need to grow and succeed
Encouraging visitors to stay longer by expanding our accommodation offer and collaborating with local providers
Continue reading about our 10 goals for 10 years...
Help create 1000 homes and 1000 jobs in the local area
By investing in the regeneration of areas around our estates
Buy at least 50% of our supplies and services locally
Within 30 miles by road of our estates
Invest £50m in our heritage properties and landscapes
Specifically in their repair, restoration, improvement and development
Enable every child in local schools to experience our estates
As part of their primary education, reaching every school through physical visits onsite or our virtual presence in schools
Achieve excellence in our visitor feedback scores
By scoring 90%+ for value for money, overall enjoyment and likelihood to recommend, in our customer feedback surveys
Be recognised as an excellent employer
Achieving scores of 80%+ for all measures of satisfaction and engagement in our staff and volunteer survey
Create 500 work opportunities for those in and just out of education
Working with local education and training providers to create these opportunities to benefit young people
Reduce our impact on the environment
Through improved management of waste and emissions
Improve the quality of life and wellbeing of our local communities
By providing accessible green spaces, reducing car journeys to our estates and supporting our local communities
