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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.

 

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The economic impact of the East of England higher education sector

Report
3 April 2014
Key economic aspects of the higher education sector in the East Midlands in the academic year 2011-12 and of the sector’s impact on the region and on the rest of the UK.

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The economic impact of the London higher education sector

Report
3 April 2014
Key economic aspects of the higher education sector in the East Midlands in the academic year 2011-12 and of the sector’s impact on the region and on the rest of the UK.

The economic impact of the North West higher education sector

Report
3 April 2014
Key economic aspects of the higher education sector in the North West of England in the academic year 2011-12 and of the sector’s impact on the region and on the rest of the UK.

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

Addressing the university pension fund deficit

2 August 2017
Following the news coverage on the USS pensions fund deficit, Professor Koen Lamberts discusses the challenges facing the scheme.

What the British public really think about international students

13 April 2017
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.