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

Report cover 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. 

Analysis of the latest data (for the year 2014-15) shows that UK universities attracted more than £836 million in research grants and contracts from EU sources.  

This represents 14.2% of all UK income from research grants and contracts in that year. The UK does disproportionately well in securing EU research funding, securing 15.5% of the funding allocated under​ the previous EU research and innovation programme (FP7). 


 

​The analysis also shows that:

  • Inside the university sector, EU funding supported 8,864 direct jobs, £836m in economic output and a contribution of nearly £577m to GDP.
  • In industries outside the university sector, EU research funding to UK universities generated more than 10,190 full-time-equivalent jobs, £1.02bn of output and a contribution of nearly £503m to GDP.
  • The three UK industries that benefited most from this knock-on impact were: business activities (more than 2,604 full-time-equivalent jobs); wholesale and retail trade (more than 2,048 full-time-equivalent jobs); and manufacturing (over 1,259 full-time-equivalent jobs).

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