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contributes over £2.7 billion to the local and national economy, and provides social and cultural benefits.</p></div> <p>As a major employer, we create prosperity and drive economic growth both locally and nationally. Our staff and students join us from across the UK and from elsewhere in the world. They live and work in the local area: their expenditure - and ours - supports a range of businesses and services.</p> <p>In 2018, London Economics - one of Europe’s leading specialist economics and policy consultants - examined some of these benefits in more detail, using figures from the academic year 2016-17. It estimated that the total economic impact of all our activities at York to the UK economy in 2016-17 was over £1.8 billion. </p> <p class="text-highlight"><strong>In May 2024, we integrated the most recent data, updating the previous figures to reflect the latest information.</strong><br /><br />The estimated total economic impact of all our activities to the UK economy - including teaching and learning; international students; research and knowledge exchange; and University and student expenditure - is <strong>£2.7 billion</strong>.</p> <p>Read the 2018 report in full: <a title="download a copy of the full report here (opens in a new window)" href="/media/abouttheuniversity/londoneconomicsreport/London-Economics-report.pdf" target="_blank">The economic, social and cultural impact of the University of York (PDF <img class="icon" src="/media/global/icons/icon_pdf.gif" alt="" width="16" height="16" />, 2,740kb)</a></p> </div> <div class="o-grid__box o-grid__box--third is-hidden@small-">   </div> </div><div class="o-grid__row o-grid__row--alt1"> <div class="o-grid__box o-grid__box--full"> <h2>Our total contribution</h2> </div> </div> <div class="o-grid__row o-grid__row--alt1 js-equal-height-row"> <div class="o-grid__box o-grid__box--quarter o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--gbp c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢557m</strong></h3> <div class="c-key-fact__content"> <p>The impact of teaching and learning.</p> </div> </div> </div> </div> <div class="o-grid__box o-grid__box--quarter o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--industry c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢702.2m</strong></h3> <div class="c-key-fact__content"> <p>Direct, indirect and induced impacts.</p> </div> </div> </div> </div> <div class="o-grid__box o-grid__box--quarter o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--globe c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢225m</strong></h3> <div class="c-key-fact__content"> <p>Export income generated by international students.</p> </div> </div> </div> </div> <div class="o-grid__box o-grid__box--quarter o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--flask c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢806m</strong></h3> <div class="c-key-fact__content"> <p>The impact of research.</p> </div> </div> </div> </div> </div> <div class="o-grid__row"> <div class="o-grid__box o-grid__box--twothirds"> <h2>Teaching and learning</h2> <p>Higher education has a transformative effect not just on the student, the graduate, the teacher and the researcher, but also on wider society. The report measures employment, earnings and taxation receipts associated with a higher education qualification.</p> <p class="text-highlight">The Exchequer accrues some 52 per cent of the economic benefit associated with higher education qualification attainment.</p> <p>This figure includes the amount the government receives in additional taxes to be spent on public services including the NHS, education and welfare.</p> </div> </div> <div class="o-grid__row o-grid__row--alt1 js-equal-height-row"> <div class="o-grid__box o-grid__box--third o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--gbp c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢557m</strong></h3> <div class="c-key-fact__content"> <p>The total impact of teaching and learning.</p> </div> </div> </div> </div> <div class="o-grid__box o-grid__box--third o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--graduation-cap c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢265m</strong> accrued by students </h3> <div class="c-key-fact__content"> <p>The earning potential of our 2023-24 students.</p> </div> </div> </div> </div> <div class="o-grid__box o-grid__box--third o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--balance-scale c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢293m</strong> accrued by the Exchequer</h3> <div class="c-key-fact__content"> <p>The impact of teaching and learning on public finances.</p> </div> </div> </div> </div> </div> <div class="o-grid__row"> <div class="o-grid__box o-grid__box--twothirds"> <h2>International</h2> <p>Across the UK, international students make a significant contribution to the economy - <strong>currently worth £37.4 billion</strong> - and to levelling up.</p> <p>This contribution has increased in recent years - owing to an increase in the number of international students coming to the UK - with the net economic benefit increasing by 58% since 2015/16 to the 2023/24 figure of £37.4 billion.</p> <p class="text-highlight">According to the Government's own export data, education exports were higher than the UK's overseas sales of either pharmaceuticals or aerospace. </p> <p>The benefits of this increase have been felt across the length and breadth of the UK: on average, international students make a £58 million net economic contribution per constituency, equivalent to approximately £560 per citizen - this even includes constituencies without a university, due to the knock-on economic impact.</p> <h3>The picture at York</h3> <p>York’s annual economic contribution from international students in 2022/23 was worth £225m to the city of York and wider region. This figure includes £81.4 million from China, Asia and other non-EU countries.</p> </div> </div> <div class="o-grid__row o-grid__row--alt1 js-equal-height-row"> <div class="o-grid__box o-grid__box--half o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--globe c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢37.4bn</strong></h3> <div class="c-key-fact__content"> <p>Net economic benefit of international students in the UK.</p> </div> </div> </div> </div> <div class="o-grid__box o-grid__box--half o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--group c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢225m</strong></h3> <div class="c-key-fact__content"> <p>York International students economic contribution to the city of York and wider region.</p> </div> </div> </div> </div> </div> <div class="o-grid__row"> <div class="o-grid__box o-grid__box--twothirds"> <h2>Research</h2> <p>In 2016/17, York received almost £90m in research funding, and the London Economics report showed that the total contribution of our research activity  for the same period was over £537m: in other words, every £1 invested in our research generated £6 for the UK economy.</p> <p class="text-highlight">In 2023/24, with a research income of £99m, the University's research activity is making a total contribution of £806m to the UK economy.</p> </div> </div> <div class="o-grid__row o-grid__row--alt1 js-equal-height-row"> <div class="o-grid__box o-grid__box--third o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--university c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢806m</strong></h3> <div class="c-key-fact__content"> <p>The total impact of the York's research activity in 2023/24.</p> </div> </div> </div> </div> <div class="o-grid__box o-grid__box--third o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--flask c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢99m</strong></h3> <div class="c-key-fact__content"> <p>The University鈥檚 total research income.</p> </div> </div> </div> </div> <div class="o-grid__box o-grid__box--third o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--industry c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢752m</strong></h3> <div class="c-key-fact__content"> <p>The productivity 'spillovers' estimated for private companies in the UK.</p> </div> </div> </div> </div> </div> <div class="o-grid__row"> <div class="o-grid__box o-grid__box--twothirds"> <h2>Regional</h2> <p>We support economic growth throughout the Yorkshire and Humber region by providing jobs and purchasing goods and services.</p> <p>Of the £702.2m economic impact associated with the University and its students' expenditures, £603.5m occurred in the Yorkshire and Humber region.</p> </div> </div> <div class="o-grid__row o-grid__row--alt1 js-equal-height-row"> <div class="o-grid__box o-grid__box--third o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--gears c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢702.2m</strong></h3> <div class="c-key-fact__content"> <p>The University's contribution to the local and wider economy.</p> </div> </div> </div> </div> <div class="o-grid__box o-grid__box--third o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--map-marker c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>拢603.5m</strong></h3> <div class="c-key-fact__content"> <p>of this total occurred in the Yorkshire and Humber region.</p> </div> </div> </div> </div> <div class="o-grid__box o-grid__box--third o-grid__box--full@medium"> <div class="c-key-fact o-media"> <div class="o-media__picture"> <i class="c-key-fact__icon c-icon c-icon--thumbs-up c-icon--3x c-icon--fw"></i> </div> <div class="o-media__body"> <h3 class="c-key-fact__title"><strong>6,325</strong></h3> <div class="c-key-fact__content"> <p>The number of jobs at the University, plus those supported in the Yorkshire and Humber region.</p> </div> </div> </div> </div> </div> <div class="o-grid__row is-visible@small-"> <div class="o-grid__box o-grid__box--full">   </div> </div> </div> </div> </div> <footer class="c-footer-main"> <div class="o-grid o-wrapper"> <div 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