The University of Oxford contributed a total of £15.7 billion to the UK economy in 2018/19, a report by the economic research consultancy London Economics has revealed.
The report also demonstrated that every £1 invested in University of Oxford research and knowledge exchange activities generated £10.3 for the UK national economy in 2018/19.
The report analysed the economic impact of the University of Oxford on the UK economy, focusing on the 2018/19 financial year. Specifically, the analysis captures the economic impact of:
The University’s research and knowledge exchange activities at £7.9 billion
The University’s teaching and learning activities at £422 million
The University’s educational exports at £732 million
The spending of the University and its colleges at £6 billion
The University’s contribution to tourism at £611 millionThe economic impact of the University of Oxford’s research and knowledge exchange activities was estimated at £7.9 billion and these activities supported over 28,000 full time jobs.
This includes a £4.5 billion impact of the University’s research activities on the UK economy. In addition, £3.4 billion was generated by impacts associated with the University’s licensing of its intellectual property (IP) to other organisations, the operations of spinout companies whose activities are based on the University’s IP, and the activities of companies located at the Begbroke and Oxford Science Parks.