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.

 

Report cover

The economic impact of the East of England higher education sector

Report
3 April 2014
Key economic aspects of the higher education sector in the East Midlands in the academic year 2011-12 and of the sector’s impact on the region and on the rest of the UK.

Report cover

The economic impact of the London higher education sector

Report
3 April 2014
Key economic aspects of the higher education sector in the East Midlands in the academic year 2011-12 and of the sector’s impact on the region and on the rest of the UK.

The economic impact of the North West higher education sector

Report
3 April 2014
Key economic aspects of the higher education sector in the North West of England in the academic year 2011-12 and of the sector’s impact on the region and on the rest of the UK.

News

New poll shows overwhelming support for an immigration system based on skills

10 December 2019
​A new poll has revealed that 80% of British adults agree that the UK's immigration system should allow scientists, academics and their support staff to work in this country at any stage of their career.

Universities UK responds to Labour manifesto

21 November 2019
UUK President Julia Buckingham responds to the release of the Labour manifesto

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.