Facebook post by University of Helsinki

Universities are more than just an expense item in the Governmental budget, states a report published by LERU, the League of European Research Universities. According to the report, the 21 member universities of LERU contributed a total economic value of 71 billion euros in gross value added (GVA) and 900,065 jobs across Europe in 2014. The University of Helsinki’s contribution was 2.5 billion euros and 40,000 jobs. "As indicated in the report, the contribution of research universities is greater than that of the direct GVA and employment of the automotive industry, the pharmaceutical and real estate sectors in Europe," says LERU Chair, Professor Alain Beretz.
Research universities create jobs and economic value | University of Helsinki helsinki.fi

LERU, the League of European Research Universities, has published a report on the economic contribution of universities to society. The University of Helsinki participated in the project leading to the report.