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We recently announced the findings of an independent report looking at the contribution Durham University makes to the economic social and cultural vibrancy of Durham City, County Durham and North East England.
The report, undertaken by BiGGAR Economics, found that Durham University generated £1.9 billion in Gross Value Added (GVA)* for the UK and supported 17,320 jobs in 2020/21. For every £1 the University received in income, we generated £4.80 of economic impact in the UK.
These figures capture everything from our staff and student spending, to job creation, research spin-out businesses, start-up businesses and graduate productivity. The report also highlighted the social and cultural benefits that the University brings.
Speaking about the report findings, Professor Karen O’Brien, our Vice-Chancellor, said: ''This report reinforces the contribution that Durham University makes at a local, regional, and national level.
“We play a significant role as a driver of economic growth, supporting jobs, attracting investment, and sparking pioneering partnerships, spin-outs and start-ups.
“We’re home to innovative research and expertise partnerships in fields as diverse as geothermal energy, banking, and healthcare, as well as being part of exciting business partnerships through NETPark and the Orbit Enterprise Zone, both located in Sedgefield, County Durham.
''In addition, we champion all that Durham has to offer, including through our support of the World Heritage Site, our museums and attractions and taking a key role at events such as Lumiere.
“We’re also committed to bringing benefits that are not just economic. As a place of learning we’re dedicated to sharing our skills, expertise, and passion as widely as possible, through everything from our extensive schools outreach and volunteering work to collaborations with local businesses and innovators.”
You can find out more about the report findings on our dedicated webpages www.durham.ac.uk/what-we-achieve-together
*Gross Value Added (GVA) measures the monetary contribution that an organisation adds to the economy through its operations
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