Durham Uni contributes £1.1 billion to UK economy

Our  latest major study for Durham University found that it is worth £1.1 billion GVA to the UK economy supported 13,600 UK jobs.

Key findings

Other key findings of the report include:

• For every £1 Durham University receives in funding, it generates £3.21 for the UK economy;
• The University has launched 25 spin out companies since 1997, supporting nearly 1,000 jobs. Examples include Kromek, P2i and Ikon Science;
• The University plays a crucial role in the tourism sector, attracting 231,270 people to its visitor attractions, including Palace Green Library, the Oriental Museum and the Botanic Garden, in 2014-15;
• Durham University students dedicated 14,000 hours a year to volunteering, including in many local schools and clubs;
• Research and Knowledge Transfer activities at the University generated £139.3m GVA for the UK economy, supporting 2,700 jobs. Examples include collaborations with Procter and Gamble, IBM and Dong Energy.

For more information on our work for Durham University and to see how it is So Much More, click here or view the video below