nef: Value of Social Impact of Universities

17 Jun 2011 05:45 PM

UK Universities add at least £1.31bn a year in value to society in the form of health & well being, citizenship and political engagement, according to new research by independent think-tank nef (the new economics foundation), published in association with Universities UK. 

Degrees of Value: How universities benefit society attempts for the first time to put a monetary value on some of the ways that universities contribute to society at a local and a national level, using Social Return on Investment (SROI) methodology.

These values are above and beyond the economic contribution that universities make.

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