Higher education brings £5 billion a year to Bradford

Professor Brian Cantor

Professor Brian Cantor

First published in News
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Wharfedale Observer: Photograph of the Author by , T&A Reporter

Higher education institutions in the region, including Bradford University, generated more than £5 billion in economic impact during a one-year period, according to figures published today.

The report, from Universities UK, reveals the growing impact of higher education on the regional economy, with universities now acting as substantial enterprises.

Universities also bring income to the region by attracting international students who pay fees and spend money in the area.

Professor Brian Cantor, vice-chancellor of the University of Bradford, said: “These figures demonstrate the vital role higher education institutions play in driving local economic growth. “Here in Bradford, we value the importance of universities to the local economy in terms of quality, innovation and investment. This is done through developing knowledge, business engagement and employment opportunities.

“Bradford is the youngest major city in the UK – 23 per cent of the population was under the age of 16 in 2012 and a high proportion of our University students are local by background.”

For Yorkshire and Humberside, the report found that, in 2011–12:

* higher education institutions in the region generated an output of £2.2 billion and, through knock-on effects, generated an additional £2.8 billion in other industries throughout the UK;

* universities attracted 33,655 students from outside the UK to study in the region and 94,430 students from other parts of the UK l international revenue amounted to £422 million which, together with the estimated off-campus expenditure of international students, represented a total of £802 million of export earnings for the region 

* universities provided 27,375 full-time equivalent jobs across a range of occupations and skill levels and 28,227 full-time equivalent jobs were generated outside the universities, with most based in the region

* the universities, together with the expenditure of their international students and students from the rest of the UK, generated 62,838 jobs in the region. This was equivalent to 2.5 per cent of the region’s workforce in employment in 2012.

The regional analysis was published today alongside a UK-wide study on the impact of the higher education sector on the UK economy, which were both launched at a Universities UK conference.

Professor Sir Christopher Snowden, president of Universities UK, said: “It is clear that universities are making an increasingly significant contribution to the regional economy, both in terms of contribution to GDP and creating jobs. Universities also attract significant investment from overseas.

“While the study looked at only one aspect of economic impact, we should not forget also the major contribution to the economy from producing skilled graduates and generating ground-breaking research. Universities also produce significant non-economic benefits. They improve the life chances of individuals and also provide a social and cultural boost to communities through access to art, music, sports and other facilities.

“With the 2015 general election on the horizon, this report serves as a timely reminder to policymakers of universities’ growing impact on local communities, jobs and the wider economy.”

Comments (7)

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9:24am Thu 3 Apr 14

Grumpygirl says...

Since the Tories introduced tuition fees Universities have become nothing more than teaching businesses fronted by increasingly over-paid and profit-orientated vice chancellors. As a result even our elite Universities are sliding down the international league tables.

Most University research is now perfunctory and not of a quality to drive the economy forward. How are the Tories going to rebalance the economy after their greed is good philosophy has destroyed our once great Universities?
Since the Tories introduced tuition fees Universities have become nothing more than teaching businesses fronted by increasingly over-paid and profit-orientated vice chancellors. As a result even our elite Universities are sliding down the international league tables. Most University research is now perfunctory and not of a quality to drive the economy forward. How are the Tories going to rebalance the economy after their greed is good philosophy has destroyed our once great Universities? Grumpygirl
  • Score: 0

9:31am Thu 3 Apr 14

sorrow&anger says...

This new breed of vice-chancellor only talks about money. What happened to learning and research? They should be careful in their pride: their business model may collapse because the latest figures show that the Government's anti-foreigners attitude is driving overseas students away.
This new breed of vice-chancellor only talks about money. What happened to learning and research? They should be careful in their pride: their business model may collapse because the latest figures show that the Government's anti-foreigners attitude is driving overseas students away. sorrow&anger
  • Score: 7

9:53am Thu 3 Apr 14

BierleyBoy says...

Grumpygirl wrote:
Since the Tories introduced tuition fees Universities have become nothing more than teaching businesses fronted by increasingly over-paid and profit-orientated vice chancellors. As a result even our elite Universities are sliding down the international league tables.

Most University research is now perfunctory and not of a quality to drive the economy forward. How are the Tories going to rebalance the economy after their greed is good philosophy has destroyed our once great Universities?
It was the Labour Party that introduced tuition fees. Any figures to back up your claims of elite universities dropping down tables?

I think you'll find Britain plummeted down educational league tables under the last Labour Government.
[quote][p][bold]Grumpygirl[/bold] wrote: Since the Tories introduced tuition fees Universities have become nothing more than teaching businesses fronted by increasingly over-paid and profit-orientated vice chancellors. As a result even our elite Universities are sliding down the international league tables. Most University research is now perfunctory and not of a quality to drive the economy forward. How are the Tories going to rebalance the economy after their greed is good philosophy has destroyed our once great Universities?[/p][/quote]It was the Labour Party that introduced tuition fees. Any figures to back up your claims of elite universities dropping down tables? I think you'll find Britain plummeted down educational league tables under the last Labour Government. BierleyBoy
  • Score: 4

9:55am Thu 3 Apr 14

pcmanners says...

Everybody knows that most of these so called colleges are visa scams for foreign benefit scroungers. They should be shut down. This country shouldn't spend money educating foreigners.
Everybody knows that most of these so called colleges are visa scams for foreign benefit scroungers. They should be shut down. This country shouldn't spend money educating foreigners. pcmanners
  • Score: 4

10:11am Thu 3 Apr 14

Grumpygirl says...

BierleyBoy wrote:
Grumpygirl wrote:
Since the Tories introduced tuition fees Universities have become nothing more than teaching businesses fronted by increasingly over-paid and profit-orientated vice chancellors. As a result even our elite Universities are sliding down the international league tables.

Most University research is now perfunctory and not of a quality to drive the economy forward. How are the Tories going to rebalance the economy after their greed is good philosophy has destroyed our once great Universities?
It was the Labour Party that introduced tuition fees. Any figures to back up your claims of elite universities dropping down tables?

I think you'll find Britain plummeted down educational league tables under the last Labour Government.
Yes certainly. Unlike the Tory posters I deal in facts. Try

http://www.timeshigh
ereducation.co.uk/wo
rld-university-ranki
ngs/2014/reputation-
ranking

and

http://www.theguardi
an.com/news/datablog
/2014/mar/06/worlds-
top-100-universities
-2014-reputations-ra
nked-times-higher-ed
ucation

Under the Tories, our Universities are becoming shadows of their former selves. As part of Tory austerity they have been focused on making money not on research. The Tory elite are all philistines.
[quote][p][bold]BierleyBoy[/bold] wrote: [quote][p][bold]Grumpygirl[/bold] wrote: Since the Tories introduced tuition fees Universities have become nothing more than teaching businesses fronted by increasingly over-paid and profit-orientated vice chancellors. As a result even our elite Universities are sliding down the international league tables. Most University research is now perfunctory and not of a quality to drive the economy forward. How are the Tories going to rebalance the economy after their greed is good philosophy has destroyed our once great Universities?[/p][/quote]It was the Labour Party that introduced tuition fees. Any figures to back up your claims of elite universities dropping down tables? I think you'll find Britain plummeted down educational league tables under the last Labour Government.[/p][/quote]Yes certainly. Unlike the Tory posters I deal in facts. Try http://www.timeshigh ereducation.co.uk/wo rld-university-ranki ngs/2014/reputation- ranking and http://www.theguardi an.com/news/datablog /2014/mar/06/worlds- top-100-universities -2014-reputations-ra nked-times-higher-ed ucation Under the Tories, our Universities are becoming shadows of their former selves. As part of Tory austerity they have been focused on making money not on research. The Tory elite are all philistines. Grumpygirl
  • Score: 1

12:14pm Thu 3 Apr 14

Bart566 says...

pcmanners wrote:
Everybody knows that most of these so called colleges are visa scams for foreign benefit scroungers. They should be shut down. This country shouldn't spend money educating foreigners.
Finally some one speaks the truth all these University's are about is making more money from for foreign students with higher fees and reduced course time to make even more money .
The University's should also have to pay there Health care cover instead of passing it on to the British Taxpayer
[quote][p][bold]pcmanners[/bold] wrote: Everybody knows that most of these so called colleges are visa scams for foreign benefit scroungers. They should be shut down. This country shouldn't spend money educating foreigners.[/p][/quote]Finally some one speaks the truth all these University's are about is making more money from for foreign students with higher fees and reduced course time to make even more money . The University's should also have to pay there Health care cover instead of passing it on to the British Taxpayer Bart566
  • Score: 4

6:17pm Thu 3 Apr 14

Colin Allcars says...

Bradford has a higher percentage of local students than good Universities, how are these locals bringing money into the city, as more and more money shops are opening up to send cash abroad?
Bradford has a higher percentage of local students than good Universities, how are these locals bringing money into the city, as more and more money shops are opening up to send cash abroad? Colin Allcars
  • Score: 1

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