North East Universities Spark Over 1,000 Start-Ups and 4,000 Jobs
- Andrea Stephenson
- 4 minutes ago
- 1 min read
A new report reveals the critical role that university graduates play in driving growth, including by starting their own businesses.
Figures from the Higher Education Statistics Agency (HESA) show that:
From 2014/25 to 2022/23, the number of start-up businesses established at UK universities increased by 70%, with more than 4,300 firms registered on average each year;
Since 2014/15, nearly 40,000 companies have been formed with the support of universities;
In North East England, more than 1,000 companies were created by university staff and graduates between 2014 and 2023, providing more than 4,000 jobs in 2023.
In addition, analysis of UK Government figures by Universities UK (UUK), the body that represents UK universities, revealed that university graduates make up 57% of the workforce in North East England.
UUK is calling for universities to be sustainably funded, so that these positive trends can continue.
