Universities in SOLENT contribute £4.2 billion GVA to UK economy

There are three universities within the SOLENT LEP area, namely:

  • The University of Southampton;
  • The University of Portsmouth; and
  • Southampton Solent University.

Together, these universities are injecting more than £4.2 billion into the UK economy every year whilst supporting 52,300 jobs.

Those are the key findings of a major study by BiGGAR Economics for the Solent Local Enterprise Partnership (LEP) on the combined impact of the University of Southampton, the University of Portsmouth and Southampton Solent University. Within the Solent region – encompassing the cities of Southampton and Portsmouth, the Isle of Wight and the Solent waterway – the three universities contribute £2.1 billion of economic value and support 33,000 jobs.

More details on this study can be read in the full report which is available to download below.

Full Report: Economic Impact of the Solent Universities

 

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Simon Cleary

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