Oxford University contributes £17 billion to UK economy annually

Summarised from 2 outlets · Updated 8 Oct, 16:24 · Archive

Oxford University contributes £17 billion to the UK economy each year and supports around 57,000 jobs across Oxford and the wider South East, according to vice-chancellor Professor Irene Tracey. She revealed the figures during her annual oration, the university's most significant public speech.

The university's economic impact extends far beyond its campus, supporting jobs through supply chains, construction, tourism and hospitality. Thousands more roles are connected to research partnerships and companies born from Oxford's academic discoveries.

Companies formed from Oxford research employ around 10,500 people and operate in areas such as life sciences, artificial intelligence and advanced engineering. Professor Tracey noted that £1.1 billion was invested in Oxford spin-outs over the past year. She said every £1 of Oxford's research income generates over £11 in impact from research and knowledge exchange activities.

How it is being reported

• Oxford University contributes £17 billion to the UK economy annuallyOxford University contributes £17 billion to the UK economy each year and supports around 57,000 jobs across Oxford and the wider South East.Oxford Mail · 8 Oct, 16:00
• Oxford University contributes £17 billion to the UK economy annuallyOxford University contributes £17 billion to the UK economy each year and supports around 57,000 jobs across Oxford and the wider South East.Oxfordshire Guardian · 8 Oct, 16:00

In this story: Oxford University · Professor Irene Tracey · Oxford · South East

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