Keeping London at the forefront of global business
working with and for the whole UK
International students bring more than just their suitcase
Higher Education is one of the UK’s leading exports, with international students generating about £13bn2 a year in export receipts alone nationally according to research by Universities UK. Additionally to this, UK universities together with their international students and visitors supported around £14bn2 in tax receipts to the Exchequer.
Back in 2015, London First published London Calling3, the first ever study of the net economic impact of international students, looking both at the benefits and the costs of public students including their use of public services. For London alone, this amounted to an annual net benefit of £2.3 billion to the UK economy (through tuition fees, local spending and visitors).
But the value of international students to the UK economy goes further than just extra tax receipts. Students coming to the UK to seek further education also hope that they can stay for a while after their studies to hone their skills at one of our first class businesses before they return home. In their time here they build networks, add cultural richness, and return home with a strong fondness for and connection to the UK. These international students often become the greatest ambassadors for the UK, creating the conditions for successful future trading relationships – an important foundation for the future of Global Britain.