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The economic impact of universities in 2014–15

Report
16 October 2017
 

​​The higher education sector is vital to the UK economy. In 2014–15 it supported almost one million jobs, and contributed £21.5 billion to UK gross domestic product.​

This report​ investigates the economic contribution that universities make annually​ to the UK economy through generating GDP, jobs and taxes, and their longer-term impact on the UK. 

The research – carried out for Universities UK by Oxford Economics – also quantifies future economic benefits by estimating the long-term impact of the research, development, and skills generated in UK universities in the academic year 2014–15.​

Read a summary ​of the research, or watch the above video, narrated by Universities UK President Professor Janet Beer.

 

Economic impact of UK universities

The economic impact of universities in 2014–15

Report
16 October 2017
An investigation into the economic contribution that universities make annually​ to the UK economy through generating GDP, jobs and taxes, and their longer-term impact on the UK. 

HERB – Lords second reading

The economic impact of international students

Briefing
6 March 2017
This briefing outlines new figures for 2014–15 on the economic impact of international students studying in the UK, including the jobs generated at a regional level and the income they provide local businesses.

Report cover

Economic impact on the UK of EU research funding to UK universities

Report
10 June 2016
EU research funding generates more than 19,000 jobs across the UK, £1.86 billion for the UK economy and contributes more than £1 billion to GDP, according to this report produced for Universities UK by Viewforth Consulting.

News

Economic impact of UK universities

Increasing impact of world-leading university sector on jobs and growth should not be ‘taken for granted’, warn university leaders

16 October 2017
According to the latest study on the impact of the higher education sector on the economy – produced for UUK by Oxford Economics – universities now generate a knock-on impact of nearly £100bn (£95bn) for the UK economy and support more than 940,000 jobs

Response to HESA 2015–16 student data

12 January 2017
Universities UK has responded to the latest data on students from HESA

Blog

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Following the news coverage on the USS pensions fund deficit, Professor Koen Lamberts discusses the challenges facing the scheme.

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Karmjit Kaur, Head of Political Affairs at Universities UK, discusses the British public's perception of international students as an asset to the UK, and explains why international students should not be included in a net migration target.