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International students boost UK economy by £41.9 billion

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A new report, the costs and benefits of international higher education students to the UK, published jointly by Universities UK International (UUKi), the Higher Education Policy Institute (HEPI) and Kaplan International Pathways in collaboration with London Economics, reveals the growing importance of international students to local economies throughout the UK. The report, which was commissioned to explore the impact of international students to the UK economy, reveals the total economic benefits have risen from £31.3 billion to £41.9 billion between 2018/19 and 2021/22, an increase of 34%. The data also confirm that – even when accounting for the impact on public services (estimated at £4.4 billion) – the economic benefits of hosting international students significantly outweigh the costs, with total net benefit of £37.4bn to the UK economy.
Source:https://www.fenews.co.uk/student-view/international-students-boost-uk-economy-by-41-9-billion/
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Reviewed by: Pyramid eServices News DeskLast updated: 16 May 2023

Reference sources

  • https://www.fenews.co.uk/student-view/international-students-boost-uk-economy-by-41-9-billion/
  • https://www.canada.ca/en/services/immigration-citizenship.html
  • https://www.gov.uk/government/organisations/uk-visas-and-immigration
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