University of Sussex
The University of Sussex adds £343m a year to the economies of Brighton & Hove, East Sussex and West Sussex, according to a new independent report.
The report, produced by independent economic analysts Oxford Economics, was commissioned by the university to gauge its economic and social impact on the region and the wider UK economy.
For every £1m of the £150m the university directly contributes to UK GDP, a further £1.3m is supported elsewhere in the UK economy, the report shows.
The university also supports 5,180 jobs across the region and generates £74.9m in tax revenues, enough to pay the running costs for East Sussex Fire Authority for almost two years.
Meanwhile, the university’s significant social impact, the report says, is driven by its world-leading research, highly skilled graduates and civic-minded staff, as well as a strong commitment to social mobility and business innovation.
Vice-chancellor Adam Tickell said: “This report shows we are a regional economic powerhouse with a hugely important role in the social and economic success of our surrounding areas.
“Our impact is felt both directly and through a powerful, ripple-like effect that stretches across the region and covers the length and breadth of the country.”
Michael Davies is the university’s pro-vice-chancellor (research), chair of Sussex Innovation, the university’s business incubator, and a member of the Greater Brighton Economic Board. He said: “Universities are so much more than places of learning.
“As this report shows, highly engaged universities such as Sussex are catalysts for economic growth and social progress on a huge scale.”
While the greatest impact is on the local and regional economies, the report says that the university’s “economic footprint” is nationwide, adding £407m to the UK economy, supporting 6,200 jobs and generating £100m in tax receipts.