Economic impact

The University of Reading contributes approximately £1bn a year to the UK economy, new research shows (The Economic Impact of the University of Reading, Hatch Urban Solutions). This positive effect is felt locally, regionally and nationally. 

Based on data from the 2021/22 academic year, the University and the tenants within its commercial spaces contribute £1bn to the UK economy in Gross Value Added (GVA). Around half of that is retained within the local area, equivalent to 2.9% of the economy of Reading. This economic contribution is 24% larger than the impact observed for 2017/18. 

Key statistics

• The University supports 12,300 full-time equivalent (FTE) jobs nationally.
• Approximately one in 26 jobs in Reading and Wokingham can be traced back to the University.
• For every direct job at the University, a further 2.8 jobs are supported across the UK economy.
• University of Reading students spend an estimated £260m off campus each year.

Read The Economic Impact of the University of Reading, 2021/22

Read The Economic and Social Contribution of the University of Reading, 2017/18

Beyond these quantitative economic measures, the report also found that the University supports the local, regional, national and global economies by: 

• Supplying highly skilled graduates: around 86% of graduates go into highly skilled occupations shortly after graduating; 36% of graduates go into the education and health sectors, plugging vital skills gaps.
• Continuing professional development: the University is a major supplier and supporter of continuing professional development (CPD) for both business and key public services, including schools and healthcare.
• Driving business productivity: through knowledge exchange programmes and by supporting businesses located on the University’s campuses, including Thames Valley Science Park. 
• Supporting research enterprise: in 2021/22, the University of Reading attracted £38 million in research income, estimated to generate another £270 million in private sector income.