To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the contribution of universities to the local economy.
8 September 2020
Universities play a significant role in their local economy, including by equipping people with skills that raise productivity and living standards, and through the wider economic contributions of students to their local area. The Government continually works with the sector and representative bodies to better understand the impact of universities, including on local economies.
Universities regularly submit evidence on research impact relevant to their immediate geographic area for the Research Excellence Framework (REF). The Knowledge Exchange Framework (KEF), with first results expected to be published in December 2020, should also enable universities to assess their civic role, as part of their approach to knowledge exchange more broadly.