23 May 2022
This report explores both the economic and social impact of modern universities in regions across the UK. This has involved several strands of research to create an evidence base, including:
The research presented throughout this report highlights that modern universities are intimately connected to place. These institutions provide vital pathways into higher education, spreading access and opportunity, while also supporting graduates to transition effectively into the local job market. They act as key anchor institutions, generating economic value as employers, procurers and providers of services in the local economy, with ripple effects across the region. They work collaboratively with a wide range of local stakeholders to drive regional development and to help weave the social fabric of the cities and towns in which they are located.
Taken together, all of these activities illustrate the role of modern universities as placemakers. The geographical spread of modern universities means that they have great potential as vehicles for levelling up, due to their ability to reach into some of the most disadvantaged communities within every region of the UK. It would be a tragic waste if this potential was not recognised, invested in, and expanded upon, and the benefits fully realised through the levelling-up agenda.
This report offers evidence of the impact that can be created through such institutions, proving that across the UK you can indeed stay local to go far.