Jim Cunningham – 2014 Parliamentary Question to the Department for Business, Innovation and Skills
The below Parliamentary question was asked by Jim Cunningham on 2014-03-28.
To ask the Secretary of State for Business, Innovation and Skills, if he will make an assessment of the findings of the Oxford Economics report commissioned by the University of Sheffield entitled the Economic Costs and Benefits of International Students, January 2013.
Mr David Willetts
The Government welcomes the benefits that international students bring to the UK as highlighted in theOxford Economics report entitled Economic Costs and Benefits of International Students, January 2013.
In July the same year, we published our International Education Strategy which estimated that in 2011/12 international higher education students contributed £10.2bn to the UK economy through tuition fees and living expenses. The Strategy also recognised the wider benefits that students bring in boosting the local economy where they study, as well as enhancing our cultural life, and broadening the educational experience of the UK students they study alongside. It is because we value this contribution that there is no cap on the number of genuine overseas students who can come to the UK, nor do we have plans to introduce one.
After completion of study, all students who can secure a skilled job from a licensed sponsor and are paid at least £20,300 are welcome to stay and work in the UK. Those who complete a PhD have up to a year to find a graduate level job and move on to Tier 2 or move on to the graduate entrepreneur or exceptional talent schemes in Tier 1.
