14 Oct 2010

Universities seek to show their economic value

7:46 pm on 14 October 2010

The umbrella body for universities has published a report it says shows the value of universities to the national economy.

The report for Universities New Zealand says the Government could permanently increase GDP by $370 million if it spends $200 million more on universities during the next five years.

It says the increase in GDP would come from having more skilled workers who are likely to get higher-paid jobs and are less likely to be unemployed.

The chairman of Universities New Zealand, Derek McCormack, says the report is not a pitch for more government money.

It was published on Thursday evening, just two days after the Government announced a $55 million increase in its spending on universities during the next two years.