The economic, social and cultural impact of the University of York – January 2019

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Sector: Economics of Education | Education and Labour Markets | Higher education
Client: University of York
Published: 09 January, 2019
Document type: Report 
Tagged: higher education impact assessment labour market economics quantitative analysis UK

We were commissioned by the University of York to analyse its economic, social and cultural impact across the United Kingdom, focusing on the University’s activities in the 2016-17.

The analysis focused on four major strands of economic impact. Specifically, in addition to the direct, indirect and induced impact associated with the University of York’s physical footprint (estimated at £702 million), we also generated estimates of the economic benefits associated with the University’s teaching and learning activity associated with the 2016-17 cohort of students (estimated at £488 million), the impact of the University’s research activities (£537 million), as well as the impact of educational exports generated by the University’s overseas students (£93 million). Combining these impact stands, we estimated that the total impact of the University of York’s activities in 2016-17 on the UK economy stood at approximately £1,820 million.

On top of these purely economic impacts, the University’s activities generate a multitude of societal impacts at home and abroad. These were addressed through a survey of the University’s alumni, with additional case studies showcasing the University of York’s real-world impact.