International students bring economic boost to city  - The Coventry Observer

International students bring economic boost to city 

INTERNATIONAL students bring a significant financial boost to the city of Coventry, contributing £651million, according to newly released figures.

For the first time, data is available at the parliamentary constituency level, showing the combined net economic impact from Coventry South, Coventry East, and Coventry North West.

Coventry South, in particular, reaped substantial benefits, with a gross benefit of £480million.

After accounting for the £44million cost to public services, the net impact stands at an impressive £436million, ranking it sixth in the UK for the gross benefit from international students.

In Coventry East, the gross benefit was £129million, with public services costs of £12million, resulting in a net impact of £117million.

Coventry North West saw a net impact of £98million, derived from benefits of £108million minus costs of £10million.

The Higher Education Policy Institute (HEPI) and Kaplan International Pathways, commissioned by London Economics, provided the figures, highlighting the per capital impact: £3,360 in Coventry South, £990 in Coventry East, and £920 in Coventry North West.

Coventry University, with its diverse student body from 160 nations, and the University of Warwick, a neighboring institution, are central to this economic contribution.

Coventry University’s recognition with The Queen’s Award for Enterprise underscores its role in fostering global relationships and attracting international students, an accolade approved by the late Queen Elizabeth II.

Professor John Latham CBE, vice-chancellor of Coventry University, said: “These figures highlight the invaluable impact that international students have on Coventry.

“We must ensure our city remains welcoming to these students, especially in light of recent government actions that have led to a significant drop in international student recruitment.”

The top 20 UK constituencies, spanning England, Scotland, Wales, and Northern Ireland, collectively benefited by £8.3billion from international students.

James Cannings, senior economic consultant at London Economics, added: “Accurate data on where international students live has enabled us to provide more precise estimates of their economic impact.

“We hope these findings will inform government policy and support the higher education sector and the broader UK economy.”


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