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PRIVACY
Economic Development

£900m and counting... University of Hull's economic value underlined in new report

University and College Union has highlighted the importance of higher education institutes

University of Hull.(Image: University of Hull)

The University of Hull injects more than £900 million into the º£½ÇÊÓÆµ’s economy, according to a new report.

As an anchor institution in the Humber region, it plays a vital role in its economic growth and prosperity.

The university directly employs more than 2,000 people, and through its supply chain and business networks, supports an additional 4,100 jobs across the region.

Contributing £370 million to the local economy – a figure which rises to £913 million across the º£½ÇÊÓÆµ – a new study commissioned by the University and College Union has highlighted the importance of higher education institutes to their area.

Prof Susan Lea, Vice-Chancellor at the University of Hull, said: “Having a strong and successful university is absolutely vital to the prosperity of a region. These figures, released by UCU, only serve to reinforce that message.

“The University of Hull is critical to the economic future of the Humber region and beyond. Whether through providing a highly-skilled workforce of the future, or helping local businesses thrive and grow, we know the university has a hugely significant role to play.

Professor Susan Lea, vice chancellor at the University of Hull

“Throughout recent months, which have brought with them significant challenge, the university has remained rooted to its core principles – providing a high-quality learning environment, delivering impactful research and innovation, supporting businesses and jobs across the region, and spearheading economic growth and prosperity.”

When focusing the spotlight on employment, the University of Hull generates almost 8,000 º£½ÇÊÓÆµ jobs.