Briefing – Maximising the impact of university spinouts

08 July 2024

UK universities are world-class in tech transfer. Their spinout companies raised £1.66bn in equity funding in 2023, 9.54% of all equity funding raised by UK companies, second only to the US in total investment in spinouts. This makes university commercialisation a striking UK success story.

The 2023 independent review of university spinouts highlighted UK universities’ central role in spinning out companies and creating innovation ecosystems in every region and nation of the UK. All Russell Group universities have already reviewed, or are in the process of reviewing, their spinout policies to bring them in line with the recommendations of the Independent Review.

In 2021/22 businesses spun out of the 24 Russell Group universities alone supported over 80,000 jobs and generated £17.8bn in economic output. We look forward to working with the government to maximise the number of successful spinouts which, as set out in Rachel Reeves’ Start-up Review, can directly drive economic growth and productivity gains across the regions and nations of the UK.

Find out more in our briefing.

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