4-consulting were asked to analyse Glasgow University’s economic impact on Scotland and on the rest of the UK in terms of jobs and output generated and contribution to Scottish GDP. It went further to analyse the distribution of University impact across Scotland.
The University’s output in 2013/14 was £500 million. Through the ‘knock-on’effects of its expenditure in that year, the University generated an additional £700 million in other industries throughout the UK, with the majority (£600 million) coming from Scottish Industries.
4-consulting showed the significance of Glasgow University as a driver of the Scottish economy. We showed that University of Glasgow accounts for 0.5% of all Scottish GVA, sustain around £1.5bn worth of output across Scotland and support 15,000 jobs many outwith Glasgow.
“The economic impact report outlined the role played by the University of Glasgow in supporting the city of Glasgow and Scotland. The project team delivered high quality and detailed analysis within a challenging timetable.”
Professor Neal Juster, Senior Vice Principal and Deputy Vice Chancellor, University of Glasgow