Latest Posts ⇢

The value of expertise

Dr Peter O’Brien, Executive Director

Last week, I was in Montréal speaking at an international conference on the subject of regional innovation. The event coincided with half a million people – many of them aged under 16, including the activist, Greta Thunberg – taking to the streets of the city to call for action to address the climate emergency.

Whilst in Canada, I heard of some ground-breaking studies and policies on local and regional research and innovation processes. Coupled with how science and expertise is shaping public opinion on a theme as substantive as climate change, my visit to Québec re-emphasised to me the importance we should attach to universities building and sustaining effective relationships with local communities and the wider public, as well as business and governments.

Health in all Local Industrial Strategies?

Guest contribution from Michael Wood, NHS Confederation

The government published its Industrial Strategy in November 2017, setting out a long-term plan to create an economy that boosts productivity and earning power throughout the UK. Critically, every local economic area in England, along with the devolved administrations, is now developing its own local industrial strategy. This briefing reflects on the emerging importance of health to many of the early draft local industrial strategies, explores the opportunities for the NHS that exist at both system and organisational level and outlines how to engage with and influence the development of these strategies in the coming year.

Key points

The Civic University: How should universities assess their economic impacts in a “civic age”?

Guest blog by Tim Fanning and David Marlow

If the Civic University Commission (CUC) Final Report is to genuinely change the type of impacts universities have on the places where they are located,  universities will need to be prepared to deliver impact studies and analyses in new, more explicitly civic and bespoke ways..

The role of the university economic and social impact study

Economic and social impact assessments have become an important part of the evidence base for universities. This reflects the increasing economic importance of universities to their local areas in many locations over time, as well as growing expectations on the sector to harness and demonstrate its wider socio-economic value.

What central banks and universities have in common

James Ransom, YU Associate

Last month Andy Haldane, Chief Economist at the Bank of England, gave a speech at the University of Sheffield asking if all economics, like politics, is ultimately local. The speech attracted attention for its discussion of whether we can capture and model detailed data on the economy at a far more local level. But there are two other points in the speech worth exploring further.

The first is recognition that higher education, alongside financial services and the creative industries, are sectors that ‘exhibit the highest economic complexity and thus potentially generate the highest value-added’. Economic complexity means the amount of embedded knowledge.