| Practice area: | Economics of Education | Education and Labour Markets |
|---|---|
| Client: | United Colleges Group |
| Published: | 11 November, 2025 |
| Keywords: | economics of education further education 2025 |
London Economics were commissioned to assess the economic and social impact of United Colleges Group to the United Kingdom.
The total economic impact on the UK economy associated with United Colleges Group’s activities in the 2024-25 academic year was estimated at approximately £470 million. Of this total:
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- United Colleges Group’s teaching and learning activities accounted for £351 million (75%) of this impact;
- The value of United Colleges Group’s operating and capital expenditures stood at £118 million (25%).
In terms of the number of FTE jobs supported, the College’s expenditures supported a total of 1,145 FTE jobs across the UK economy in 2023-24, with 995 located in London (including 545 in Inner West London and 355 in Outer West and North West London).
Compared to the College’s total relevant operational costs of approximately £51 million in 2023-24[1], the total impact of the College’s activities on the UK economy was estimated at £470 million, which corresponds to a benefit-to-cost ratio of approximately 9.3:1.
The report is available here.