ERIC Number: ED654340
Record Type: Non-Journal
Publication Date: 2024
Pages: 8
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Generating Growth and Opportunity in London
Universities UK
Universities are crucial to sparking growth and opportunity, by bringing together student populations, research partners, local businesses, and employers to create vibrant communities, jobs, and opportunity across the UK. This series of briefings takes a look at how universities are generating growth and opportunity across the nine regions of England. Universities in London are situated across the city, ranging from large providers, such as University College London, to small and specialist institutions, such as University of the Arts London. Recent analysis by London Economics estimated that universities in London alone contributed £27 billion in gross output and £14.8 billion in gross value added to the UK economy. This figure includes the economic activity generated by employing people, their purchasing of goods and services, and the local spending power of staff and students. In 2021-22, universities in London spent £6.1 billion on staff. Staff spend a proportion of their income with local businesses and on local services, which supports a thriving economy.
Descriptors: Foreign Countries, Universities, School Community Relationship, School Business Relationship, Community Development, Research Opportunities, Employment Opportunities, Economic Impact
Universities UK. Woburn House, 20 Tavistock Square, London, WC1H 9HQ, UK. Tel: +44-20-7419-4111; Fax: +44-20-7388-8649; e-mail: info@universitiesuk.ac.uk; Web site: http://www.universitiesuk.ac.uk
Publication Type: Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Universities UK (UUK) (United Kingdom)
Identifiers - Location: United Kingdom (London)
Grant or Contract Numbers: N/A