|Practice area:||Economics of Education | Education and Labour Markets | Higher education|
|Client:||University of Glasgow|
|Published:||27 October, 2021|
|Keywords:||quantitative analysis 2021|
London Economics were commissioned by the University of Glasgow to undertake an economic contribution to the United Kingdom.
The analysis identified that:
- The total economic impact on the UK economy associated with the University of Glasgow’s activities in 2018-19 was estimated at approximately £4.4 billion.
- In terms of the components of this impact, the value of the University’s research activities stood at £1.8 billion (42% of total), while the impact generated by the operating and capital expenditures of the University stood at £1.2 billion (27%). The impact of the University’s teaching and learning activities accounted for £734 million (17%). The remaining 14% of economic impact (£631 million) was associated with the University’s educational exports.
Compared to the University’s total operational costs of approximately £757 million in 2018-19, the total impact of the University of Glasgow’s activities on the UK economy was estimated at £4.4 billion, which corresponds to a benefit to cost ratio of 5.8:1. This compares to a 14% increase in the University’s impact of since 2015-16 (on a like-for-like basis, in real terms).
The full report is available here.