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Generating Growth and Opportunity in the East Midlands

Authors :
Universities UK (UUK) (United Kingdom)
Source :
Universities UK. 2024.
Publication Year :
2024

Abstract

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 the East Midlands can be found across key cities including Derby, Leicester, Lincoln, and Nottingham. Recent analysis by London Economics estimated that universities in Northern Ireland alone contributed £6.3 billion in gross output and £4.2 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 the East Midlands spent £1.75 billion on staff. Staff spend a proportion of their income with local businesses and on local services which supports a thriving economy.

Details

Language :
English
Database :
ERIC
Journal :
Universities UK
Publication Type :
Report
Accession number :
ED654341
Document Type :
Reports - Descriptive