Professor Louise Richardson, Vice-Chancellor of the University of Oxford, says, ‘While these figures represent only one way of considering the ultimately inestimable value of what we do, they are a raw index of the power of our work as researchers, teachers and communicators to benefit society locally, regionally, nationally and internationally.’

Professor Patrick Grant, Pro-Vice-Chancellor for Research at the University of Oxford, says, ‘This analysis provides compelling evidence that our research-intensive universities are key contributors to the prosperity of the United Kingdom. Every pound invested in our universities, which bring together world-class research and outstanding teaching, has the power to transform our economy and our society. As we continue to recover from the coronavirus pandemic and carve out our position in a post-Brexit world, it serves as a reminder of the growing role of universities in our country’s future.’

View the full report here.