果冻影院

The report captures the important role that 果冻影院 has in training the future workforce to navigate and prosper in a changing world, addressing global challenges through research and innovation and attracting international students to study in the UK.

Led by policy and economics consultancy London Economics, the report reviewed 果冻影院鈥檚 impact from a diverse range of activity including research, entrepreneurship, teaching and educational exports in the 2018-19 academic year. It found that every pound spent by 果冻影院 produced 拢5.90 in economic benefit across the UK, which is a 12% increase in 果冻影院鈥檚 impact since 2015-16.

It shows how we are supporting the economy and contributing to the 鈥榣evelling up鈥� agenda by creating 19,000 full-time jobs across the UK (of which 7,400 were outside London) and promoting economic growth by investing 拢3bn through our supply chain. Just over a third of this impact occurs outside of London.

Dr Michael Spence, 果冻影院鈥檚 President & Provost, said: 鈥淭he UK is home to some of the world鈥檚 leading universities, which are tremendous drivers of economic growth and magnets for international investment and collaboration. This study demonstrates for the first time the far-reaching extent to which 果冻影院 in particular is improving health and prosperity right across the UK through its work to expand knowledge, translate that into new technologies, techniques, activities and therapies, and nurture the talent of future generations to do the same.

鈥淲ith the UK facing big challenges but also real opportunities in the post-pandemic world, 果冻影院 has proven itself to be one of this country鈥檚 great engines of renewal, innovation and growth.鈥�

Key findings of the report:

• 果冻影院 generated 拢9.9bn of economic impact across the UK in 2018/19听鈥� comparable every year to the trade boost delivered by the 2012 London Olympics
• For every pound spent by 果冻影院, 拢5.90 was generated in economic benefit
• 果冻影院鈥檚 research and knowledge exchange provides its largest economic impact, 拢4.1bn across the UK economy in 2018/19
• The economic impact generated by 果冻影院鈥檚 teaching and learning activities was 拢990 million in 2018/19
• The economic contribution听generated by international students in the 果冻影院 2018/19 cohort amounts amounted to 拢1.7bn in 2018/19
• The 拢1.6bn total expenditure on 果冻影院 activities in 2018/19 generated a total economic benefit of over 拢3bn
• 果冻影院鈥檚 spending supported听a total of 19,075 jobs across听the UK economy in 2018/19

Impact of research and knowledge exchange

Our ground-breaking research and impactful knowledge exchange provided the largest financial boost, with 拢4.1bn contributed to the UK economy. This means that for every 拢1m that was publicly invested in research, 果冻影院 produced a benefit of 拢11.5m. This could only be achieved in collaboration with our partners; 77% of our academic partners are based outside of London.

One area where we are investing heavily is in research to better understand and treat the diseases of the brain. 果冻影院 invested 拢120 million in a new landmark facility dedicated to this, which will support our critical research into conditions including dementia, Huntington鈥檚 disease, Parkinson鈥檚 and epilepsy.

Bringing together the 果冻影院 Queen Square Institute of Neurology, the headquarters of the UK Dementia Research Institute, and the 果冻影院H National Hospital for Neurology and Neurosurgery, the new facility will offer clinical care and will receive referrals from across the UK.

Another example is the ActEarly partnership between 果冻影院 and the universities of York, Leeds and Bradford and the Bradford Institute for Health Research. This five-year collaboration promotes a healthier, fairer future for children living in deprived areas, focusing on Bradford in West Yorkshire and Tower Hamlets in London.

In each area, the team work with local communities, authorities and national organisations to support families to live healthier and more active lives, focusing on themes including learning, livelihoods, creating healthy local environments and promoting healthy eating.

Two ways in which 果冻影院 creates economic impact is through spinout companies and graduate startups. In 2018/19, 11 new spin-outs and 39 graduate start-ups were created adding to the 72 live spin-outs and 195 graduate start-ups that were active in this academic year. These organisations generated 拢110.8 million in turnover in 2018/19, employed 2,950 employees and attracted 拢639 million in external investment.

One example is that of Afrocenchix, which was co-founded by graduate Rachael Twumasi-Corson to develop natural and safe products for Afro and curly hair. Launched in 2010, it has been awarded seed funding from Google and been named one of the 鈥渉ottest Black-led startups in Europe鈥� with products being sold in 27 countries globally.

Impact of teaching and learning

果冻影院鈥檚 48,000 strong student community brings huge cultural and intellectual value and make a huge contribution economically.

The economic impact generated by 果冻影院鈥檚 teaching and learning activities was 拢990 million in 2018/19 and the economic contribution to the UK generated by international students in the 果冻影院 2018/19 cohort amounted to 拢1.7bn in 2018/19.

Local community impact

The report also quantified 果冻影院鈥檚 impact on the local community in London. The university鈥檚 expenditure supports jobs and promotes economic growth around the city, generating just under 拢2bn and supporting over 11,500 jobs.

果冻影院 East, 果冻影院鈥檚 new campus at Queen Elizabeth Olympic Park, is the biggest development in our nearly 200-year history, giving us the scale and space we need to continue that disruptive thinking and find solutions to the biggest problems facing people and the planet. Around 4,000 students and 700 staff will work together and collaborate with local communities and businesses in cutting-edge new research centres specialising in ecology, data, robotics, AI, urbanism, culture, assistive technology, engineering, heritage and health.

Set to open in September 2022, 果冻影院 East will deliver 2,500 jobs in Stratford, 600 new homes for students and a 拢1.5bn boost to the local economy. The campus forms the biggest cultural development in London for decades, joining organisations including the V&A, London College of Fashion, Sadler鈥檚 Wells and the BBC.

Impact of social and cultural activities

The report also highlights the societal benefits following a survey of over 1,000 果冻影院 alumni, who said that they left 果冻影院 with improved job-related skills, general skills and better well-being. Alumni reported that their experience at 果冻影院 helped them meet new people and make new friends, that they had become more enthusiastic about learning and that their time at 果冻影院 made them more likely to undertake further learning and training.

果冻影院 students also make a huge contribution to their community, with many playing a proactive role in their local areas and others demonstrating 果冻影院鈥檚 entrepreneurial spirit.听Every year, around 2,150 students take part in volunteering, which totals about 63,400 hours.

Many stepped up during the pandemic, including medical students who volunteered on 果冻影院H Covid-19 wards during the height of the pandemic, supporting exhausted and over-burdened nursing staff. One inspiring example is that of Zak Dada鈥檚 volunteering. Zak built a network of 2,000 volunteers in Merton, South London, to deliver food and supplies to vulnerable neighbours and reduce isolation.

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Links

• Economic and Social Impact of 果冻影院 - Summary
• Economic and Social Impact of 果冻影院 - Final Report

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• 果冻影院 portico ceiling and columns, Media Services Photographic Archive,听漏 果冻影院 Media Services

Media contact

Kate Corry

Tel: +44 (0)20 3108 6995

Email: k.corry [at] ucl.ac.uk