International students worth nearly £400m to Newcastle economy
A collaborative study between several organisations has concluded that international students offer the Newcastle and the North East generally.
The study, published by the Higher Education Policy Institute, broke down the economic impact of international students throughout the UK’s parliamentary constituencies. Newcastle East, Central and North combined amounted to £393m in net impact.
Throughout the Tees Valley students contributed £70.4m to Stockton North and South, £23.9m in Redcar, and £20.6m in Darlington.
Teesside University currently has over 3,900 international students from over 100 countries studying at both Middlesbrough and Darlington campuses.
Dr David Bell, pro vice chancellor (International) at Teesside University, said: “Teesside is an international university, working in partnership with global institutions to deliver educational excellence.
“This report makes for extremely positive reading. We truly value all of our international students and the contributions they make to our university and the region as a whole.”
Universities UK International and HEPI are calling for more to be done to promote the UK as a welcoming, diverse and accessible study destination.
Nick Hillman, director of HEPI, said: “This report confirms higher education is one of the UK’s greatest export earners.
“But international students do not just bring financial benefits. They also bring educational benefits by making our campuses more diverse and exciting places to be.
“To make the most of these benefits, we need to provide a warm welcome, ensure our educational offer remains competitive and help international students secure fulfilling careers after study.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
Why local government is key to devolution success
Your reputation is worth more than that invoice
There is no perfect time when selling a business
What next when social media career help goes?
The psychological contract that nobody signs
Time for strategy built on the foundational economy
Why being ‘work-ready’ matters more than ever
The North's future doesn't end at Manchester
Exit or legacy? Why every owner needs a plan
Who speaks up for SMEs when giants get bigger?
The true value of HR in an AI-driven working world
What new business rates guidance means for pubs