UCL contribute £10bn per year to UK economy, independent report finds
27 June 2022
An independent report commissioned by UCL has stated that the University contributes £10bn per year to the UK economy.
The London Economics report found that University College London's research and knowledge exchange activities were worth more than £4bn in 2018-19, with every £1m invested in research at UCL resulting in an extra £6m economic output across the UK.
Michael Spence, UCL’s provost, said: “This study demonstrates for the first time the far-reaching extent to which UCL in particular is improving health and prosperity right across the UK, through its work to expand knowledge, translate that into new technologies, techniques, activities and therapies, and nurture the talent of future generations to do the same.”
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