The future: universities and regional growth in a changing world
An increase in highly skilled graduates is not only good for industry and for the economy, it is essential for delivering growth and prosperity in our regions and communities. We have witnessed a lot of talk about ‘levelling up’ in recent times and some nod towards the role of universities in helping to deliver that. However little to no mention of higher education in the Levelling Up White Paper was a huge opportunity missed.
With appetite for higher education strong and increasing, the role of universities, their researchers and graduates is evidenced in abundance in the industries they provide for and the communities they serve.
In any thriving metropolis, there will be at least one, probably two and maybe even seven universities. Indeed, the formula for growth has to include a university if you want to inspire aspiration, opportunity, activation and empowerment.
Across the Alliance membership, our institutions’ impact on place is demonstrable. Alliance universities are the beating heart of their towns, cities, and regions. Look at Coventry University’s involvement in Coventry’s UK City of Culture and their Scarborough Campus,v opened in 2016, which won plaudits for its transformational impact on this once struggling coastal town. Or consider Anglia Ruskin’s recently opened Peterborough campus, the University of South Wales’ Newport and Treforest campuses and Teesside University’s impact on Middlesbrough.
Of the 316 local authorities in England, Middlesbrough is ranked as the most income deprived in the country. Teesside University is reversing the fortunes of this once thriving industrial heartland, attracting new industries and investment, delivering skills, employment, and prosperity. Economic analysis completed by New Skills Consulting in 2020 estimated that Teesside University is generating £141 million Gross Valued Added per annum. £99 million of this a direct benefit to the Tees Valley, with a spillover of £28 million in the wider North East. If ever a blueprintvi for regional growth was needed, look no further than Teesside.
As University Alliance, we have argued in our Vision for Growthvii that universities, research and innovation should be at the heart of strategies and policy for driving prosperity across the UK. In the future, this is what we hope to see, and it is what we will work for.