Economic contribution and jobs
Yorkshire’s universities boost growth by making £2.9bn GVA contribution each year to the region’s economy and play a critical role in generating jobs, creating innovation and driving enterprise.
In 2017/18 £1.8bn was generated within the universities themselves, with the remainder in the supply chain and through expenditure of staff and students.
The total expenditure of universities – including staff and operating costs – was approximately £4.33bn.
The total capital investment from HEIs in Yorkshire in the same years was £324m, helping to support local regeneration and capacity building in our region.
Universities collectively spent around £250m in the region on suppliers out of a total of £590m spent in the UK. This supported an estimated 4,750 FTE jobs in the region.
In 2017/18 nearly 180,000 students were studying at Yorkshire’s universities, a third of whom were originally from the region. 155,700 of these students were in full-time and 23,800 in part-time education.
Yorkshire’s universities play a vital role in the region’s civic, social and cultural life by attracting a large and diverse student population from more than 120 countries, creating accessible and vibrant public places through libraries, arts and sporting facilities.
Over 30,000 of these are staff within universities themselves – the majority in professional occupations.
A further 26,000 FTEs are supported in the supply chain, through the spend of staff and students.
Direct staff at universities have an average gross salary of £40,000 per annum, which compares to an average of £27,000 across all FTE jobs in the region.
Yorkshire’s universities develop highly-skilled people by producing over 64,000 graduates each year and creating opportunities for the region’s workforce.
38,000 of these graduates were qualifying for their first degrees.
71% of all students who were originally from Yorkshire found employment in the region after graduation.
96% of students leaving higher education in Yorkshire, were in work or undertaking further study six months after graduation.
Research, knowledge exchange and business engagement