Universities "worth £59 billion to economy"

Extract:

"The overall figure of a university sector worth £59bn represented an increase of 25% compared to four years before.

The study found the revenue earned by UK universities - for example by consultancy work, intellectual property income or hosting conferences - stood at £23.4bn, comparable to the printing and publishing industry.

It also suggested that by attracting foreign students the sector generated £2.3bn in 2007-08 in off-campus expenditure."

"In terms of spending and supporting local economies, the university sector bought £19.5bn worth of goods and services produced in the UK."

It would be interesting to see just what the breakdown was; which Universities earned the most revenue and for what? Just how much intellectual property do they have?

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