Entrepreneurial Talent Stimulated by New Ideas ; Auniversityview

Summary

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BASED on conventional assumptions, Welsh higher education institutions account for around 2.3% of GDP and 2.09% of Welsh employment. When you include the spending power of students, these figures rise to 3.19% of GDP and 2.36% of employment.

These are significant figures, and while a difficult period is upon universities in terms of core funding, around half of the output attributable to universities is from beyond the Welsh public sector.

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Entrepreneurial Talent Stimulated by New Ideas ; Auniversityview

If you look at total impact of Wales' universities on the country's economy, 52% can be attributed to non-public spending. This economic impact does not include the effects of up-skilling the workforce and improving social mobilit...

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