University researchers are a huge earner for such establishments, which is one reason academia are so anti Brexit, they receive massive funding and I suspect a lot of it gets diverted to high living, expensive pseudo holidays and first class travel for the Deans and suchlike.
The UK is one of the largest recipients of research funding in the EU. Over the period 2007 – 2013 the UK received €8.8 billion out of a total of €107 billion expenditure on research, development and innovation in EU Member States, associated and third countries. This represents the fourth largest share in the EU.
And werent we fortunate to get all of that which then supports loads of jobs and billions in out GDP?
EU research funding generates more than 19,000 jobs across the UK, £1.86 billion for the UK economy and contributes more than £1 billion to GDP, according to this report produced for Universities UK by Viewforth Consulting.
The analysis also shows that:
- Inside the university sector, EU funding supported 8,864 direct jobs, £836m in economic output and a contribution of nearly £577m to GDP.
- In industries outside the university sector, EU research funding to UK universities generated more than 10,190 full-time-equivalent jobs, £1.02bn of output and a contribution of nearly £503m to GDP.
- The three UK industries that benefited most from this knock-on impact were: business activities (more than 2,604 full-time-equivalent jobs); wholesale and retail trade (more than 2,048 full-time-equivalent jobs); and manufacturing (over 1,259 full-time-equivalent jobs).[/quote]
You must be gutted to hear then that post Brexit the UK govt has massively increased the funding for these "Deans" and plan to increase it even furtheR?