Go back

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.

This article on Research Professional News is only available to Research Professional or Pivot-RP users.

Research Professional users can log in and view the article via this link

Pivot-RP users can log in and view the article via this link.