As universities prepare to welcome a new cohort of students, a new report by London Economics has revealed that higher education makes a £116 billion contribution to the UK economy - £130 billion including the spending of international students.
By 2035, more than 11 million extra graduates, in addition to the 15.3 million graduates currently in the UK workforce, will be needed to fill jobs in the UK by 2035. Take a look at our report and our survey of FTSE350 leaders.
Universities offer opportunities, increase social mobility and benefit economies across the length and breadth of the country. But what is the individual value of going to university for graduates and business leaders?
Our universities are a national asset. They give opportunities, grow the economy, solve global challenges, and equip graduates with skills for the future. We’ve set out the most compelling evidence behind the impact of universities.
With increasing demand for skilled professionals, an aging population and AI creating a technological revolution, individuals will need access to education and training throughout their lives. Our Chief Executive, Vivienne Stern, asks: how can the higher education sector grab this opportunity?
Commenting on the publication today by The Higher Education Statistics Agency (HESA) of graduate outcomes data and statistics in 2020/21, Professor Steve West CBE, President of Universities UK and Vice-Chancellor of UWE Bristol, said:
In a recent speech, the Secretary of State for the new Department for Science, Innovation and Technology outlined the department’s “singular goal” of leading the UK to science and technology superpower status by 2030. In the run up to the Spring Budget, Universities UK (UUK) in its latest report calls on the government to invest in University Enterprise Zones and use the UK’s pioneering universities to drive SME growth and rebuild the economy.
To confront increasing regional inequality, flagging productivity and an ever-widening skills gap, universities and local businesses need to work together better. University Enterprise Zones (UEZs) offer a promising solution.
Business leaders, vice-chancellors and political stakeholders came together today at Universities UK’s (UUK) Degree apprenticeships and higher technical education conference, to discuss the benefits of degree apprenticeships. The one-day conference aimed to highlight the importance of degree apprenticeships and the role they can play in developing new skills to boost economic growth.