Uni of Oxford contributes £5.8 billion to the UK economy

The first-ever study of Oxford’s economic impact shows that the University’s innovative and entrepreneurial approach supports more than 50,000 jobs across the UK.

Biggar Economics was commissioned by the University of Oxford to assess the impact of the University’s internationally outstanding research, teaching and enterprise. We calculated the effect of all University activity, including its direct spending, its highly successful spin-out companies and the productivity of its highly-skilled graduates.

Overall, the analysis found that in 2014/15 Oxford had a worldwide gross value added (GVA) of £7.1 billion, with £5.8 billion of that flowing to the UK. For every pound of income earned, Oxford returns £3.3 to the wider national economy

For more details, the full report can be read here and the infographics can be viewed here.

Posted 08.06.17