N8 Facts and Figures
N8 universities actively support circa 100,000 jobs across the country
The total economic impact on the UK economy associated with N8 universities’ research, knowledge exchange activities and institutional expenditures in 2021-22 is estimated at approximately £18.8 billion.
For every £1 of public funding, N8 research and knowledge exchange activities generate £10 in economic impact
The total economic impact on the UK economy associated with N8 universities’ research, knowledge exchange activities and institutional expenditures in 2021-22 was estimated at approximately £18.8 billion
A total of 257 N8 universities’ spin-out companies were active and based in the UK in 2021-22. The direct impact was estimated at £276 million in economic output (i.e. turnover) terms, 2,580 FTE staff, and £148 million of GVA.
The total research-related income accrued by N8 universities in the 2021-22 academic year stood at £1.4 billion. Approximately 88% of this income was received from UK sources, 8% from other EU sources and 4% from non-EU sources.
Approximately £9 billion (74%) of the N8 universities’ total impact occurred in the North of England, and 26% was generated throughout the rest of the UK.
205 of the N8 universities’ spin-out companies were headquartered in the North of England in 2021-22, generating £224 million in turnover and employing a total of 2,065 FTE staff.