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EU research funding generated £214 million for Scotland

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Staff writer ▼ | June 11, 2016
EU research funding generated more than 2,000 jobs and £214 million for the Scottish economy in 2014/15, according to analysis by Universities UK.
Scotland unversity
Scottish economy   Universities attracted more than £836 million
The body said it used the latest available data to assess the impact of EU research funding to universities as well as the knock-on impact on jobs and growth in the wider economy.

It said that across the UK, universities attracted more than £836 million in research grants and contracts from EU sources.

Universities in Glasgow alone received £25.1 million of research funding, according to the body whose membership is made up of the executive heads of UK universities.

Inside the university sector, it said EU funding supported 996 direct jobs in Scotland and £94.1 million in economic output.

READ MORE: The Scotsman’s EU Referendum page: Keep up to date with latest news, polls and features.

In industries outside the sector, including manufacturing and wholesale and retail trade, EU funding generated more than 1,015 full-time-equivalent jobs and £104.2 million of output.