• Orpington is the London constituency which experiences the lowest net economic contribution from international students at just £191.74 per local resident
• Overall, on average, international students in the capital make a net economic contribution of £529.72 per London resident
Every year, international students from all around the world come to the UK to pursue an undergraduate, postgraduate or PhD-level education. With higher education institutions proving to have the best academics/experts, modern facilities and engaging learning resources – it’s easy to see why the UK is such a desirable destination for international students to study.
Despite international student’s appetite to develop their knowledge in this country – many Brits feel they put an additional strain on public services such as the NHS. To address such concerns, the ‘Higher Education Policy Institute (HEPI)’ recently produced a report to assess the benefits and costs of 231,065 international students (within and outside the EU) who started in the academic year of 2015/16.
Their analysis discovered that the benefits (£22.6 billion – tuition fees income, spending in local economy, living expenses etc) of hosting international students over the duration of their entire studies far outweighs the costs (£2.3 billion – healthcare, education, social security etc) by a monumental £20.3 billion to the UK economy. When breaking this figure down to showcase the regional impact, London was the biggest benefactor at £4.64 billion.
Focusing on London specifically, Theknowledgeacademy.com used the report and population estimates derived from the Office of National Statistics (ONS) to reveal the net economic contribution (benefits minus costs) of international students in each of London’s 73 parliamentary constituencies.
Theknowledgeacademy.com found the biggest winner is Holborn and St Pancras, the primary location for renowned universities such as University College London (UCL) and London School of Economics (LSE), where international students yield a net economic contribution of £1,172.15 per local resident. Holborn and St Pancras is followed by East Ham, with each resident benefiting from a net economic contribution of £979.10. Rounding off the top three constituencies is Bermondsey and Old Southwark, with a net economic contribution of £931.08 per local resident.
On the other end of the scale, Orpington, in the borough of Bromley benefits the least from international students, with the lowest net economic contribution at just £191.74 per resident. Slightly higher is Beckenham, also located in Bromley, with a net economic impact of £209.89 per resident.
Overall, on average, international students in the capital make a net economic contribution of £529.72 per London resident.