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.

 

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.

Report cover

The economic impact of Queen's University Belfast on the Northern Ireland economy

Report
3 April 2015
This study provides an analysis of the economic impact of Queen’s University Belfast and its students on the Northern Ireland economy.

Report page

The economic impact of higher education institutions in England

Report
3 April 2014
This summary report outlines the higher education sector’s impact on local economies in the academic year 2011–12, the latest for which figures were available at the time this research was commissioned.

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Blog

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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.