Through world-class research in fields such as AI, genomics, advanced materials and behavioural science, Russell Group universities are helping to build a bright future for the UK.

This research, the knowledge we share with business and others, and the spin-out companies we create and nurture, provide skilled jobs, boost productivity and enhance UK competitiveness.

A new report produced by London Economics shows that in 2021/22, research and related commercialisation activities at Russell Group universities added £37.6bn to the economy and supported more than ¼ million jobs. 

The research and commercialisation activities of the 24 Russell Group universities, such as the creation of new spin-out companies, wider knowledge exchange and Intellectual Property licensing across all four nations helped to support more than a quarter of a million (254,000) jobs, twice as many as in the chemical and pharmaceutical manufacturing industries combined.

London Economics' independent analysis shows how the universities contributed to economies in every single region and nation of the country, delivering research and innovation in sectors ranging from medicine to sustainable energy and the creative industries. This is in addition to the economic impact generated by wider productivity spill overs, teaching and education-related activities, and the fees and spending from international students.