A recent report has revealed that the University of Sheffield contributed £4.82 billion to the UK economy in the 2022-2023 academic year, with a return of £6.40 for every pound spent. The report highlights the institution’s vital role in regional and national economic growth.
The university’s impact is particularly notable in South Yorkshire, where more than 80% of its regional contribution is focused. The analysis shows that over half of its total regional impact is felt in Yorkshire and the Humber, with significant contributions to local businesses, suppliers, and communities.
The findings, commissioned by the University and carried out by the consultancy London Economics, underline the institution’s strategic partnerships that aim to foster innovation, support local economic development, and shape the workforce of the future. These partnerships help the university address the challenges businesses and communities face, driving long-term growth in the region.
