University of Sussex boosts UK economy by almost half a billion each year

The University of Sussex contributes £495 million each year to the UK
economy and supports over 7,800 jobs, as outlined in our latest Economic Impact Report by
Oxford Economics. Watch our animation to discover the important economic and social
contributions we make within the region and across the UK. Key findings of our impact
during 2020/21 identified the following: 89% of our research was categorised as World-
Leading or Internationally Excellent and by 2030, our investment into research and
innovation is estimated to boost the national economy by £31.3 million. This research is
creating real-world benefits and scientific breakthroughs generating five new spin-outs and
37 new graduate start-ups in three years, creating business and job opportunities and
attracting investment to the region. After graduating, over 1 in 4 of our students found work in
the region with 40% going on to become key workers such as teachers, social workers and
doctors, making a social impact and contributing their skills and knowledge to local
businesses and community.
Our economic effects are measured in several ways, including: impact of our operational
spend, number of jobs we support and employment we provide, gross value and tax
revenues generated from our activities, economic contribution from our students and the
visitors we attract to the area, and research and development expenditure in the region.
Through these positive effects, we are supporting ideas with impact.
#sussexuni #economy #sussex

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