Economic impact of Oxford University revealed in reportpublished at 15:04 British Summer Time 7 June 2017
Oxford University generates £2.3bn for the Oxfordshire economy each year, a new study has shown.
Oxford had a worldwide gross value added (GVA) of £7.1bn, with £5.8bn of that flowing to the UK.
As well as the univiersity's commercial and enterprise activities, students also inject £62.5m into the Oxfordshire economy and support 1,600 jobs through their spending, work and volunteering. The 17,000 staff employed by the University spend a further £247m in the region.
Quote MessageThis report provides evidence for something long known around Oxford: the university drives the economy, both locally and nationally, as well as having a significant international presence. We are a global institution deeply rooted in a vibrant local community and can be an engine of the British economy into the future."
Professor Louise Richardson, Vice-Chancellor of the University of Oxford