Business base

The economic impact of the higher education sector cannot be underestimated. Contributing £1.26 billion to the Scottish output, the sector accounts for 31% of total direct, indirect and induced economic activity generated by Scottish higher education institutions (Glasgow Economic Commission: The Economic Impact of Further and Higher Education, Fraser of Allander Institute).

The economic impact of higher education will in large part affect the Scottish labour force. Demographic trends indicate that there will be a significant increase in the number of graduates who enter the workforce. The projection shows an increase in the proportion of graduates in the Scottish workforce rising from 37% (2010) to 41% (2020) to 44% (2030). The latest statistics form the Annual Population Survey show that Glasgow has exceeded its projected graduate workforce in the city.  In 2016 the percentage of Glasgow’s residents that were educated to a degree-level was 44.4%.

The latest statistics form the Annual Population Survey show that Glasgow has exceeded its projected graduate workforce in the city.  In 2016 the percentage of Glasgow’s residents that were educated to a degree-level was 44.4%.


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