The Impact of Independent Schools on the UK Economy

05 Dec 2022

This report from 2022, highlights the huge impact of the independent school sector on the UK economy.

Independent schools in the United Kingdom make a significant contribution to national and local economies, as well as the communities they serve. In 2021, according to independent economic analysis as set out in this report:

  • Schools affiliated to the Independent Schools Council (ISC) made a £14.1 billion contribution to the UK economy. That is equivalent to the total economic activity generated in a city the size of Sheffield.
  • The activities of ISC schools also have a significant impact on UK employment. In 2021, they supported around 282,000 jobs across the country, equivalent to the total employed population in a city the size of Liverpool.
  • ISC schools also supported £4.3 billion in tax revenues for the UK exchequer. That is sufficient to fund the salaries of 115,000 full-time nurses.
  • Scaling the results up to all independent schools across the UK, we estimate their total economic footprint to have been £16.5 billion, associated with over 328,000 jobs, and £5.1 billion in tax revenues.
  • The study also found that independent schools save the taxpayer £4.4 billion every year by providing places for pupils who could otherwise be expected to take up a place in the state-funded sector. The ISC schools’ share of that total is £3.8 billion.