For the first time, new data reveals the full scope of the economic impact of the UK’s higher education sector. In their latest report, London Economics analysed the impact of the UK higher education (HE) sector’s teaching, research, and innovation activities on the UK economy, focusing on the 2021-22 academic year.
The latest figures show the UK higher education sector’s teaching, research and innovation activities had an economic impact of £158 billion. When combined with previous London Economics analysis of the direct spending by the sector and the economic benefit of international students, the total impact across UK HE in 2021/22 was £265 billion.
https://www.universitiesuk.ac.uk/latest/news/new-report-reveals-key-role-universities