University of Warwick boosts UK economy by £3.8 billion
From job creation to skills development and cultural engagement, University of Warwick continues to play a leading role in growing the regional and UK economy.
According to analysis by London Economics, the University contributed more than £1.33 billion to the regional economy in 2022–23, and an estimated £3.8 billion to the UK economy overall.
It supported over 12,000 jobs in the West Midlands through its teaching, research, innovation and community partnerships.
Warwick’s impact on the UK economy has grown by 11.2% in real terms since 2016–17 – rising from £3.44 billion to £3.83 billion.
Professor Stuart Croft, Vice-Chancellor and President, University of Warwick, said: “This report shows how deeply the University of Warwick is woven into the fabric of our region and country and the role we play in economic growth.
“As we mark our 60th anniversary, we are reaffirming our role as a major employer, educator and innovator rooted in the local community. But our contribution goes far beyond the economic. Whether it’s training teachers, advancing medical science, supporting local businesses, or offering creative opportunities for young people, we are helping to shape a more inclusive, sustainable, and globally connected society.
“Through our world leading education and research, our teaching and our partnerships – many of them formed right here in the region – we are working to improve lives in meaningful and lasting ways.”
The analysis also highlights the growing impact of its work locally, nationally and internationally – from regional job creation and cultural investment, to the £984 million generated by educational exports through its international student community.
Over the past six decades, Warwick has developed strong links with local businesses, invested in education and health, and opened up new opportunities for people across Coventry, Warwickshire and the wider region.
The University supports the local economy in multiple ways – from direct spend with local firms and the money students spend in the area, to the productivity and output gains delivered through research, skills and business support. It continues to play a central role in driving long-term economic and social value across the region.
Andrew Todd, Director, Regional Strategy and Partnerships, University of Warwick, added: “We commissioned this report to better understand the full scale of our economic and civic impact – and the findings are both affirming and inspiring. They confirm the University’s central role in driving prosperity across Coventry, Warwickshire and the wider West Midlands, but also shine a light on the strength and reach of our partnerships.
“Whether we’re working with local schools, NHS trusts, community groups, cultural organisations or businesses, we’re united by a shared ambition: to create opportunities, raise aspirations and support long-term growth across our region. It’s through these collaborations that we’re making a lasting difference – not only here in the Midlands, but across the UK and beyond.”
As Warwick celebrates its 60th anniversary, the University is not only reflecting on six decades of progress but also looking firmly to the future. With a commitment to sustainability, innovation and inclusive growth, Warwick will continue to be a driving force for local, national and global economic prosperity, educational opportunity, and positive change.
For more information visit Our Impact pageLink opens in a new window.
ENDS
Notes to Editors
For more information please contact:
Stevie Connoll
About the University of Warwick
Founded in 1965, the University of Warwick is a world-leading institution known for its commitment to era-defining innovation across research and education. A connected ecosystem of staff, students and alumni, the University fosters transformative learning, interdisciplinary collaboration and bold industry partnerships across state-of-the-art facilities in the UK and global satellite hubs. Here, spirited thinkers push boundaries, experiment, and challenge convention to create a better world.