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Research, Innovation, and Economic Growth: The Impact of Universities in Driving Regional Development

Discover how world-leading research universities, like the University of Birmingham, play a pivotal role in economic growth through knowledge transfer, industry collaboration, and skill development. From leveraging capital investment to fostering innovation, universities significantly contribute to regional economic infrastructure and global competitiveness. Explore the symbiotic relationship between academia, industry, and public investment to drive research and development, create new companies, and underwrite the success of small and medium enterprises. Learn how universities serve as critical hubs for driving economic growth and enhancing the advanced skills base necessary for sustained prosperity.

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Research, Innovation, and Economic Growth: The Impact of Universities in Driving Regional Development

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  1. Research and the economy Adam Tickell, PVC Research and Knowledge Transfer, University of Birmingham

  2. Overview • World leading research universities • Outstanding fundamental science • Good in itself • Unpredictable economic outcomes • Invisibility cloak • Too much instrumentalism is risky • Graphene • But ...

  3. ... universities drive growth • Major element of regional economic infrastructure • University of Birmingham turnover approaching £0.5bn • with multiplier over £1.2bn to West Midlands economy • Highly effective leverage for capital investment • UKBA notwithstanding, major contribution to balance of payments • And ...

  4. ... growth through knowledge transfer and exchange • New company formation • Binding Site • £2.3 billion collaborative research with industry • £3.5 bn addition to GVA • Develops the advanced skills base • PhDs and first degree graduates • Most of our major partners want access to our best graduates • e.g. BP Scholarship Programme • e.g. Over 80 key Arup staff are from UoB • e.g. Collaborative degrees with KPMG

  5. Underwrites R&D base • MNCs in global market for company investment • UK science critical to investment in UK arms of MNCs • Universities and contract research organisations account for over a third of research spending by pharmaceuticals (4% in early 1990s) • Underwrites SMEs • Often unglamorous KTPS • e.g. The Supplies Group • e.g. Drywite

  6. A symbiotic relationship • Genuinely tripartite • Public investment • University expertise • Private investment • UKRPIF • Parameters • University of Birmingham/ Rolls Royce • Major new national research facility

  7. Let’s hope the Chancellor is listening!

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