Welsh universities ‘create billions’ for country’s economy

Universities in Wales have launched a report that argues that they create £3.6 billion for the country’s economy every year.

June 11, 2013

According to the study, launched as part of a week of events designed to highlight Welsh universities’ contribution to growth, the sector generates around 3 per cent of the country’s employment and gross domestic product.

The report, written by Viewforth Consulting and commissioned by Higher Education Wales, found that £1 billion of the total figure comes from off-campus spending by students, while international students generate £400 million in export earnings for Wales.

Ursula Kelly, director of Viewforth and a visiting scholar in the department of economics at the University of Strathclyde, said it demonstrated the sector was “generating economic output, jobs, GDP and supporting communities across the country”.

Today a week-long campaign, called Welsh Universities – Driving Growth, will be launched at the Welsh Assembly in Cardiff.

Some figures in Wales have questioned whether the country’s universities are performing as well as those in other parts of the UK.

In 2012, Angela Burns, the Conservative shadow minister for education in Wales, asked during a debate why the country had no universities in the top 100 of the Times Higher Education World University Rankings, yet Scotland had five.

According to 2007-11 figures, just five university spin-off companies were formed in Wales, compared to 70 in Scotland and 346 in England.

Leighton Andrews, the Welsh minister for education and skills, said that the Viewforth report contained “significant figures” and that the sector was “integral to driving the economy in Wales, supporting industry, research and innovation and generating employment”.

david.matthews@tsleducation.com

You've reached your article limit

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 6 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Featured Jobs

Most Commented

United Nations peace keeper

Understanding the unwritten rules of graduate study is vital if you want to get the most from your PhD supervision, say Kevin O'Gorman and Robert MacIntosh

David Parkins Christmas illustration (22 December 2016)

A Dickensian tale, set in today’s university

Eleanor Shakespeare illustration (5 January 2017)

Fixing problems in the academic job market by reducing the number of PhDs would homogenise the sector, argues Tom Cutterham

poi, circus

Kate Riegle van West had to battle to bring her circus life and her academic life together

man with frozen beard, Lake Louise, Canada

Australia also makes gains in list of most attractive English-speaking nations as US slips