New analysis shows that in a single year more than 56,000 jobs and almost £6bn of investment were generated by spin-out companies and start-ups linked to just 24 of the UK’s leading universities.
With Government prioritising growth and investment across the country, the figures from the Russell Group show that research-intensive universities are leading the way in creating high-value jobs and turn innovative ideas into real-world impacts or products.
In 2020/21, the 4,304 companies linked to the Russell Group of universities continued to grow – increasing the number of full-time employees by 60 per cent, doubling external investment to almost £6bn and generating a collective turnover of more than £11.7bn.
