This is the third UK-wide study of the impact of the higher education sector on the national economy published by Universities UK.

It updates earlier studies published in 1997 and 2002. Since the first report appeared the economic importance of higher education has been much more generally recognised and its contribution to national and regional economic development is attracting the attention of policy-makers.

In the UK higher education is seen as being of key importance in the creation and transfer of knowledge to the economy through its teaching, research and other activities.

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