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.

 

Universities and Colleges and the Industrial Strategy report cover

Universities and colleges and the Industrial Strategy: exploring data on knowledge exchange, research and skills

Report
22 September 2020
A research paper commissioned by the Industrial Strategy Council looking at the contribution of further and higher education to the UK’s prosperity.

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.

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