To ask the Secretary of State for Education, what assessment she has made of the impact of graduate skills on the North West economy.

To ask the Secretary of State for Education, what assessment she has made of the effectiveness of the contribution of universities to economic growth through graduate outcomes.

English higher education (HE) providers generate around 300,000 first degree UK graduates each year, and over 100,000 post-graduates.

These graduates generate significant economic impact: working first degree graduates in 2023 earned on average £6,500 more than non-graduates, which represents a proxy for their additional economic productivity. Graduates are also more likely to be employed, with 87.7% of working age (16 to 64 years old) first degree graduates in employment in 2023, compared to 69.7% of non-graduates. Further, graduates are critical in meeting skills shortages in priority areas, with 67% of working age first degree graduates in high-skilled employment in 2023, compared to 23.7% of non-graduates. Universities UK has estimated that the total economic impact of graduate skills from HE teaching and learning in 2021/22 will be £95 billion spread across the UK.

Over 35,000 of these first degree graduates generated each year, and over 15,000 of the post-graduates, live in the North-West. Universities UK has estimated that first degree graduates in the North-West earn on average 36% more than non-graduates by age 31, and that the economic impact of teaching and learning from the North-West’s 18 HE providers has an economic impact of £9.85 billion annually.