Global graduates give London economy a competitive edge, according to new study

A poll commissioned by London Higher, published today, reveals international talent is highly valued across London businesses as 90 per cent of business leaders regarded it as essential or important. 

International talent plugs skills gaps, drives innovation and supports London’s global competitiveness with the strongest support in larger, growth sector companies, according to the findings.

International students are not only vital to the UK economy, they also play a crucial role in enhancing the world-class research and teaching that benefit all students and wider society.

The survey of more than 1,000 London business leaders by the representative body for higher education in the capital revealed that the overwhelming majority view access to international talent as vital to their growth and innovation.

Commenting on the report, Professor Joanna Newman, Provost of SOAS, said: “International students are not only vital to the UK economy, they also play a crucial role in enhancing the world-class research and teaching that benefit all students and wider society. If a levy is introduced, it is essential that any revenue generated is reinvested in the higher education sector to support student success.”

The findings also show the potential economic risks of tighter immigration policies. Over half of businesses surveyed said they would consider relocating operations outside the UK if access to international talent were further restricted.

Earlier this year, the Government’s White Paper on Immigration proposed several measures that could impact the UK’s ability to attract international students - including reducing the Graduate Visa route from two years to 18 months and introducing a levy on overseas student tuition fee income.

The full report is available on the London Higher website.