An independent assessment of Newcastle University’s contribution to the city of Newcastle and wider UK shows that it adds £1.1billion to the economy.
With over 27,500 students and 5,780 staff, the majority of whom are based at its city centre campus, Newcastle University is the 4th largest employer in the North East and accounts for 6% of all jobs in Newcastle.
With a total annual income of £475m, Newcastle University also has the fourth largest income of the 31 higher education providers in the North.
The economic analysis by Regeneris and Urban Foresight focusses on the year 2014-15, also shows the number of international students studying in the city and North East region.
With over 6,600 international students, from 120 different countries, Newcastle University has the 19th largest international student population of all UK universities, with 1 in every 66 international students in the UK studying at Newcastle.
In 2014-15, students at Newcastle University spent an estimated £240m in the North East outside of the University campus.
The new report – the first to be produced by the University – also highlights the institution’s role in attracting new businesses and jobs to the region.
In partnership with Newcastle City Council, the University is creating Science Central – a £350m urban regeneration project on the site of a former brewery which is the largest of its kind in the UK.