Economic impact report

Our £591.9 million impact

We contribute £591.9m to the UK economy.

Universities are fundamental to the UK’s economic growth, and the University of Essex is playing its part in driving innovation and economic growth in the Eastern region.

In 2019-20, our overall economic impact was £591.9m, up 1.3%.

Research income generated in 2019-20 was £29.8m and our income from business and community engagement was £26.7m.

Our student numbers grew by 6.73% to 17,980 with our students' contribution to the regional economy growing to £76.6m.

Our work directly creates 2,563 jobs and a further 3,691 jobs across the region.

Vice-Chancellor Professor Anthony Forster
"The University is a powerhouse that helps to boost productivity - by leading life-changing research and development. We are making an important contribution to the growth of the East of England and the UK."
Professor Anthony Forster VICE-CHANCELLOR

Colchester Campus

  • Economic impact - £514.9 million.
  • Students' contribution to the economy - £69.8 million.
  • Provides 2,367 jobs and indirectly supports a further 3,408 jobs.

Since launching in 2019, Our University Enterprise Zone, Colchester Campus has:

  • created 337 jobs
  • raised nearly £20m in investment.
  • supported 355 businesses and
  • connected 60 innovators with investors. 

Southend Campus

  • Economic impact - £59.2 million.
  • Students' contribution to the economy - £4.7 million.
  • Provides 140 jobs and indirectly supports a further 202 jobs.
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