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Universities ‘generate over £5bn for Welsh economy’

         

Report reveals institutions in Wales were responsible for over 60,000 jobs in 2019-20

Universities in Wales generated over £5 billion in the 2019-20 academic year, leading to multiple ‘knock-on’ benefits for the Welsh economy, a report has suggested.

Despite the negative impact of the coronavirus pandemic, the Welsh higher education sector generated £2.8bn in Gross Value Added through universities’ expenditure, as well as that of their students and their visitors—the equivalent of 4.2 per cent of total Wales’ GVA in 2019.

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