Skip to SearchSkip to ContentSkip to Footer
Home > Policy and analysis > Reports > The impact of universities on the UK economy

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

Union 'absolutely right' in warning on university finances - UUK response to London Economics report

23 April 2020
In response to research published today by London Economics for the University and College Union, Universities UK welcomes the new independent analysis into the potential economic and societal impact of the challenges posed by the Covid-19 pandemic

​Time is running out to save Erasmus+: Losing study abroad scheme would blow a hole in UK economic prospects

9 March 2020
More than 17,000 UK university students are hoping that the UK Government can negotiate continued involvement in Erasmus+ in its trade discussions with the European Union so they can develop important and necessary skills overseas next year.

Universities UK response to UK-EU trade negotiations proposals

27 February 2020
​Today (Thursday 27 February), UK Government has set out its position for UK-EU negotiations over future trade agreements, with student mobility and research programmes an important part of the discussions.