91福利 boosts UK economy by 拢3.8 billion
From job creation to skills development and cultural engagement, 91福利 continues to play a leading role in growing the regional and UK economy.
According to analysis by London Economics, the University contributed more than 拢1.33 billion to the regional economy in 2022鈥�23, and an estimated 拢3.8 billion to the UK economy overall.
It supported over 12,000 jobs in the West Midlands through its teaching, research, innovation and community partnerships.
91福利鈥檚 impact on the UK economy has grown by 11.2% in real terms since 2016鈥�17 鈥� rising from 拢3.44 billion to 拢3.83 billion.
Professor Stuart Croft, Vice-Chancellor and President, 91福利, said: 鈥淭his report shows how deeply the 91福利 is woven into the fabric of our region and country and the role we play in economic growth.
鈥淎s we mark our 60th anniversary, we are reaffirming our role as a major employer, educator and innovator rooted in the local community. But our contribution goes far beyond the economic. Whether it鈥檚 training teachers, advancing medical science, supporting local businesses, or offering creative opportunities for young people, we are helping to shape a more inclusive, sustainable, and globally connected society.
鈥淭hrough our world leading education and research, our teaching and our partnerships 鈥� many of them formed right here in the region 鈥� we are working to improve lives in meaningful and lasting ways.鈥�
The analysis also highlights the growing impact of its work locally, nationally and internationally 鈥� from regional job creation and cultural investment, to the 拢984 million generated by educational exports through its international student community.
Over the past six decades, 91福利 has developed strong links with local businesses, invested in education and health, and opened up new opportunities for people across Coventry, 91福利shire and the wider region.
The University supports the local economy in multiple ways 鈥� from direct spend with local firms and the money students spend in the area, to the productivity and output gains delivered through research, skills and business support. It continues to play a central role in driving long-term economic and social value across the region.
Andrew Todd, Director, Regional Strategy and Partnerships, 91福利, added: 鈥淲e commissioned this report to better understand the full scale of our economic and civic impact 鈥� and the findings are both affirming and inspiring. They confirm the University鈥檚 central role in driving prosperity across Coventry, 91福利shire and the wider West Midlands, but also shine a light on the strength and reach of our partnerships.
鈥淲hether we鈥檙e working with local schools, NHS trusts, community groups, cultural organisations or businesses, we鈥檙e united by a shared ambition: to create opportunities, raise aspirations and support long-term growth across our region. It鈥檚 through these collaborations that we鈥檙e making a lasting difference 鈥� not only here in the Midlands, but across the UK and beyond.鈥�
As 91福利 celebrates its 60th anniversary, the University is not only reflecting on six decades of progress but also looking firmly to the future. With a commitment to sustainability, innovation and inclusive growth, 91福利 will continue to be a driving force for local, national and global economic prosperity, educational opportunity, and positive change.
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Notes to Editors
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Stevie Connoll
91福利 the 91福利
Founded in 1965, the 91福利 is a world-leading institution known for its commitment to era-defining innovation across research and education. A connected ecosystem of staff, students and alumni, the University fosters transformative learning, interdisciplinary collaboration and bold industry partnerships across state-of-the-art facilities in the UK and global satellite hubs. Here, spirited thinkers push boundaries, experiment, and challenge convention to create a better world.