Centre for Cities publishes report on role of universities in city economies
The Centre for Cities has published a briefing showing how potential university failures, in the current difficult financial climate for higher education, could have varying regional economic effects across the UK. Universities are increasingly central to the economic vitality of UK cities, particularly outside the Greater South East. The report highlights their role as high-skilled employers, major international exporters and catalysts for urban regeneration. In cities such as Exeter, Dundee and Leicester, universities are the largest export sector, driven by international student fees. However, proposed national immigration policies such as shortening the graduate visa and a levy on foreign student fees risk undermining these local economies, especially where universities are among the few thriving industries.