Home > Policy and analysis > Reports > The economic impact of universities in 2014–15

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.

 

Economic impact of UK universities

The economic impact of universities in 2014–15

Report
16 October 2017
An investigation into 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. 

HERB – Lords second reading

The economic impact of international students

Briefing
6 March 2017
This briefing outlines new figures for 2014–15 on the economic impact of international students studying in the UK, including the jobs generated at a regional level and the income they provide local businesses.

Report cover

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

Report
10 June 2016
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.

News

​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.

Blog

Purchasing power: how university procurement teams benefit students and society

29 March 2019
We all benefit from effective purchasing by university procurement teams, writes Professor Nick Petford.

International students

£3.2 billion of tax from each cohort of international students who stay to work in the UK

21 March 2019
Nick Hillman, Director of HEPI, digs further into new research on the economic impact of international students who stay on to work in the UK.