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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.

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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.

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In what sense an innovation problem?

Dr Peter O’Brien, Executive Director, Yorkshire Universities

Yesterday I attended the annual conference of the Yorkshire and Humber Academic Health Science Network (AHSN), in Leeds, entitled, ‘Transforming Lives Through Innovation’. The previous day I was at the White Rose Consortium’s Industrial Strategy ‘Working in Partnership’ final conference, which showcased the contribution of the social sciences to meeting industrial strategy opportunities and challenges. The timing of the two conferences came a matter of hours after the first of four speeches by the Universities Minister, Chris Skidmore, setting out how the Government intends to achieve its ‘2.4% R&D/innovation investment’ target by 2027.

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Towards a more place-sensitive approach to R&D and innovation investment

Dr Peter O’Brien, Executive Director

Last week saw the House of Commons Science and Technology Select Committee hold its final evidence session, as part of the Committee’s inquiry into the ‘balance and effectiveness of R&D expenditure’. In evidence to the Committee, Yorkshire Universities highlighted ten issues that might help government and its agencies create and sustain a more spatially-balanced approach to R&D and innovation activity and investment.

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