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The impact of universities on the UK economy


 

​This report highlights universities’ increasingly significant impact on the economy in terms of output, contribution to GDP, job creation, and overseas investment. 

It also estimates the economic activity generated elsewhere in the economy through the knock-on effects of expenditure by universities, their staff, and international students.

The report finds that in 2011–12, the UK higher education sector:

              • generated over £73 billion of output – up 24% from £59 billion in 2009 
              • contributed 2.8% of UK GDP in 2011 – up from 2.3% in 2007
              • generated 2.7% of all UK employment and 757,268 full-time-equivalent jobs
              • generated £10.7 billion of export earnings for the UK
              • received less than half its income from public sources

This UK-wide report is accompanied by a suite of reports which examine the impact of universities on the economies of the English regions and​ Northern Ireland, and a series of infographics summarising the main findings.

 

 

 

economic-impact-infographic.png 

Julie Tam

Julie Tam

Deputy Director of Policy
Universities UK

News

Clock is ticking for UK to make clear that visa system changes will support international students

5 June 2020
The UK government must make clear to international students in the next few weeks that they can still have confidence in studying at UK universities, otherwise the UK risks losing them to overseas competitors.

UUK response to UK government announcement on support package for universities

4 May 2020
UUK's response to the announcement from UK government on providing support for higher education following the Covid-19 pandemic

Improving links between universities and businesses will further develop societal and economic impact

24 April 2020
Universities can build on their leading role in society and develop links between UK institutions, industry and local communities by committing to better exchange of information, knowledge and skills.