Research on the impact of UK Universities - Ursula kelly, Director, Viewforth Consulting

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Research on the impact of UK Universities - Ursula kelly, Director, Viewforth Consulting

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  • Uni expenditure £26.7 millionHeadcount jobs 378,250Fte employment just over 1% of UK employment---------------------K/O additional 373,794 jobs Additional £37.63 billion output TOTAL £65.55 billionPLUS impact of exp of oseas students & visitrs (7.37 +0.19) = £73.11 billion output
  • Research on the impact of UK Universities - Ursula kelly, Director, Viewforth Consulting

    1. 1. The economic impact of UK Universities The contribution of UK universities to national and local economic growth Universities UK, London, 3 April 2014 Ursula Kelly, Emeritus Professor Iain McNicoll & James White Viewforth Consulting Ltd
    2. 2. Study coverage • Covers higher education institutions included in Higher Education Statistical Agency data for the academic and financial year 2011/2012 • 162 universities, colleges and specialist institutions • Ranging from in size from fewer than 700 students to more than 40,000 students • Individual institution annual turnover ranging from under £9 million to over £600 million • 130 institutions in England, 18 in Scotland, 10 inWales and four in Northern Ireland. • Impact of international students and international visitors
    3. 3. Approach adopted by this study • Examines the University sector as an industry, its key economic characteristics and the impact it makes through its expenditure • Uses Input-output analysis to model the wider ‘knock-on’ effects in the economy - internationally recognised methodology • Uses official data sources and statistics – e.g. the Office of National Statistics (ONS), the Higher Education Statistics Agency (HESA)
    4. 4. ‘Knock-on Impact’ Goods & Services Staff Wages Goods & Services StaffWages Suppliers Staff Suppliers Staff Suppliers Staff Suppliers Staff Industrial Suppliers Consumer good suppliers Industrial Supplier Expenditure ConsumerGood Supplier Expenditure University Expenditure Goods & Services StaffWages And so on…..
    5. 5. Key Data 2011 - 2012 • University Income: £27.9 billion •University Expenditure:£26.7 billion • Employment in Universities: 319,474 fte jobs • Direct University contribution to GDP: £17.92 billion •International student numbers ( Non EU and Rest of EU): 435,235 •InternationalVisitor numbers:1,617,079 bednights •Total HE Export earnings: £10.71 billion -Universities £5.66 billion - Off campus expenditure of international students and visitors £5.05 billion
    6. 6. Key findings Universities plus impact of off-campus spend of international students & visitors • Total Output generated by Universities: £65.55 billion plus impact of off-campus expenditure of international students & visitors ( £7.56 billion) = £73.11 billion • Total Employment generated by Universities : 693,268 fte jobs plus jobs generated by off-campus expenditure of international students & visitors (64,000 fte) = = 757,268 fte jobs • Total contribution to GDP: Universities £36.4 billion plus impact on GDP of off-campus expenditure of international students & visitors(£3.51 billion) = £39.91 billion
    7. 7. Impact of Non EU students 302,680 non-EU students in 2011/12 Total Impact ( including fees and personal expenditure) • £13.9 billion output • 136,639 fte jobs • £7.3 billion contribution to UK GDP Average per Capita impact ( i.e. impact generated by each non-EU student) • £46,071 output • 0.45 fte jobs • £24,028 Contribution to UK GDP
    8. 8. Conclusions • Comprehensive and detailed study of the expenditure impact of the HE sector in the UK • HE has impact across all industries and creates jobs across all skill groups • Impact across every UK region and sub-region • Major contributor to the Balance ofTrade • Tends to be counter-cyclical in its impact on regional and national economy • Has larger impact on economy per unit of expenditure compared to other sectors such as Health

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