The Gold Coast is set to be one of the major beneficiaries of the State Government’s strategy to boost Queensland’s international education sector.
The Government’s International Education and Training Strategy to Advance Queensland 2016-2020 outlines 36 initiatives and an investment of $25.3 million into the sector over the next five years.
But with more than a third of international students choosing to study outside Brisbane, the Gold Coast hopes to seize the opportunity to continue building its reputation as an education destination.
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Study Gold Coast CEO Shannon Willoughby said the State Government’s initiatives align with their own four-year strategic plan to push the Gold Coast education sector to the forefront and build economic diversification for the city.
“The new State initiatives whole-heartedly support Study Gold Coast’s strategy to market the Gold Coast as a world-class education destination and the most welcoming student city in Australia,” said Ms Willoughby.
“By having the opportunity to work in collaboration with the State Government and to access additional funds from the State to support our own strategy, I am confident the Gold Coast can move into the next phase of its life cycle and help make education an even bigger economic and social pillar.
“With an increased number of students and knowledge workers, the benefits to the economy will soar – a growth will be seen in innovation, research and entrepreneurism, tourism, investment, culture and diversity.”
The Gold Coast education sector is worth $1.4 billion, with around $754 million derived from international students, while the state’s entire international education and training sector is worth around $2.9 billion.
According to Deloitte Access Economics, with the right international education and training strategy, the industry could grow from $2.9 billion export income to $7.5 billion by 2026.