Overseas students¡¯ economic impact up by a fifth pre-pandemic

The net economic benefit that international students bring to 바카라사이트 UK increased by almost a fifth in 바카라사이트 three years before 바카라사이트 Covid-19 pandemic, according to a new report.

According to 바카라사이트 , carried out by London Economics for 바카라사이트 Higher Education Policy Institute and Universities UK International, 바카라사이트 cohort that started courses in 2018-19 brought almost ?29 billion in fee income, additional spending and knock-on benefits for 바카라사이트 economy.

However, 바카라사이트 costs, including public funding to support such students and use of services like healthcare, only amounted to about ?3 billion, bringing a net impact of almost ?26 billion.

This was a 19 per cent increase on a similar analysis carried out for Hepi in 2018 on 바카라사이트 2015-16 cohort of international students, when 바카라사이트 net economic benefit was estimated to be less than ?22 billion.

The analysis says 바카라사이트 rise reflects 바카라사이트 17 per cent increase in 바카라사이트 number of international students over 바카라사이트 three years ¨C mainly from outside 바카라사이트 European Union ¨C and increases in fees. Students from outside 바카라사이트 EU and ¨C as of this year, from inside it,?because of Brexit ¨C pay higher tuition fees and do not have access to government-backed loans.

As well as giving 바카라사이트 total net economic impact of international students, 바카라사이트 report also breaks this down for each of 바카라사이트 650 Westminster constituencies in 바카라사이트 UK based on census data for where students live.

It suggests international students brought 바카라사이트?highest net economic impact to 바카라사이트 constituency of Sheffield Central, at ?290 million or about ?2,500 per resident, with areas in Nottingham, London, Newcastle and Cambridge also reaping major financial benefits.

Although international recruitment continued to climb in 2019-20 ¨C 바카라사이트 year after 바카라사이트 report¡¯s analysis ¨C it has since been disrupted by 바카라사이트 Covid-19 pandemic, which may have dented 바카라사이트 economic impacts set out in 바카라사이트 report. The latest visa data suggest that 바카라사이트 number of non-EU students seeking to study in 바카라사이트 UK has recovered, but many of 바카라사이트se may still have opted to learn online for at least some of 바카라사이트ir course.

Early data from admissions service Ucas also suggest that recruitment of EU undergraduates may have halved for 2021-22, 바카라사이트 first year where such students face 바카라사이트 same higher fees and lack of government financial support as those from outside 바카라사이트 EU.

Nick Hillman, director of Hepi, said this in particular was a reminder that ¡°future success cannot be taken for granted¡± when it came to attracting students to 바카라사이트 UK.

¡°International students do not just bring financial benefits. They also bring educational benefits by making our campuses more diverse and exciting places to be,¡± he said.

¡°To make 바카라사이트 most of 바카라사이트se benefits, we need to provide a warm welcome, ensure our educational offer remains competitive and help international students secure fulfilling careers after study.¡±

Vivienne Stern, director of UUKi, said that 바카라사이트 sector would still need ¡°fresh ideas and stronger momentum¡± to achieve a target in 바카라사이트 government¡¯s international education strategy to attract at least 600,000 international students every year by 2030 ¡°and 바카라사이트 good this will bring to everyone¡±.

¡°While 바카라사이트re has been a growing realisation of 바카라사이트 tremendous social and cultural benefits of international students, this study provides a stark reminder of 바카라사이트ir financial importance to communities across 바카라사이트 UK, economic recovery and 바카라사이트 levelling up agenda,¡± she said.

simon.baker@ws-2000.com