Billion pound boost for East Midlands from international students

Posted by ap507 at Jan 11, 2018 12:47 PM |
New study assesses economic impact of global recruitment by region’s universities

Issued by University of Leicester on 11 January

International students in the East Midlands generate a net impact £1.28 billion according to a new study out today (Thursday 11 January)

The Higher Education Policy Institute and Kaplan International Pathways are jointly publishing a major new piece of research, The costs and benefits of international students by parliamentary constituency, undertaken by London Economics.

Unlike earlier research, this study provides a detailed analysis of the costs as well as the benefits to the UK of welcoming 231,000 new international students each year.

At the University of Leicester, where more than 25% of the student population is international, President and Vice-Chancellor Professor Paul Boyle said international students benefitted universities and the region in many ways.

Professor Boyle said: “Spending by international students is a key contributor to our regional economies. The headline statistic revealing a £1.28 billion benefit in the East Midlands alone goes some way towards demonstrating the magnitude and significance of the success of UK universities as global institutions.

“Students enrich our universities and regions far beyond the economic- they generate cultural capital and ensure that higher education in the UK  benefits from a global outlook and global approach.

“Research has also shown that the ability of a country to attract international students or facilitate exchanges is a powerful tool in public diplomacy. Such ‘soft power’ has enormous influence around the world and foreign student exchanges have been shown to have positive indirect ‘ripple effects’ when returning students advocate on behalf of their host country of study.”

 The study shows:

-         the gross benefits – including tuition fees, other spending and economic knock-on effects – of international students amount to £22.6 billion

-         these gross benefits are, on average, £87,000 for each EU student and £102,000 for each non-EU student

-         the public costs of hosting international students – including education, health and social security – total £2.3 billion

-         these public costs are, on average, £19,000 for each EU student and £7,000 for each non-EU student

-         the net impact (benefits minus costs) of hosting international students totals £20.3 billion

-         this net impact is, on average, £68,000 for each EU student and £95,000 for each non-EU student

-         the net impact of international students is spread throughout the UK:

    • students in London generate £4.64 billion;
    • students in the South East generate £2.44 billion;
    • students in the West Midlands generate £1.95 billion;
    • students in Scotland generate £1.94 billion;
    • students in the North West generate £1.91 billion;
    • students in Yorkshire and the Humber generate £1.59 billion;
    • students in the East of England generate £1.34 billion;
    • students in the East Midlands generate £1.28 billion;
    • students in the South West generate £1.21 billion;
    • students in the North East generate £0.98 billion;
    • students in Wales generate £0.90 billion; and
    • students in Northern Ireland generate £0.17 billion.

-         The net impact of international students is £31.3 million on average per parliamentary constituency:

    • students in Sheffield Central generate £226 million;
    • students in Cardiff Central generate £151 million;
    • students in Glasgow Central generate £135 million; and
    • students in Belfast South generate £29 million.

The full report is available here

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