Ungated Post | 02 Nov 2015
The economic impact of The University of Nottingham
Oxford Economics was commissioned by The University of Nottingham to produce a report to gauge its social and economic impact on the local, regional and national economies. The report is focused on activity generated by and through the University’s four primary UK campuses, located in and around Nottingham and also staff/students at the University Hospital sites.
In 2013/14, the University supported nearly 18,000 jobs in the UK, of which 16,000 in the East Midlands and 14,000 in the Nottingham urban area.
Besides the economic activity supported, the University contributes to supply talent to the local workforce. Many of the students the University attracts to Nottingham and the East Midlands remain in the locality after graduation, swelling the supply of skilled labour. Six months after graduation, a third of the 2013/14 graduating class who had found employment were working in the region. Ten years after graduating, 16% of the alumni are working in Nottingham.
The role of the University as a provider of facilities and support to the local community is also explored. The University works to widen participation in higher education, providing opportunities to all. Moreover, students and members of staff at The University of Nottingham are keen volunteers, either to enhance student life through the activities of the Student’s Union, or to support local community organisations. The University is also a major contributor to the cultural life of the city frequently working in partnership with other cultural agencies and the City Council to welcome the general public on to campus.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
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Diantha Redd
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