Foreign Investment in UK: GREAT

(asked on 14th March 2024) - View Source

Question to the Cabinet Office:

To ask the Minister for the Cabinet Office, what his latest estimate is of the amount of investment that will be generated by the GREAT Study UK campaign.


Answered by
Alex Burghart Portrait
Alex Burghart
Parliamentary Secretary (Cabinet Office)
This question was answered on 19th March 2024

The GREAT Britain and Northern Ireland campaign is the UK’s international brand marketing campaign, which works closely with UK businesses, not-for-profit organisations and high-profile figures to promote the best of the UK abroad. Since 2021/22, the GREAT campaign has had an annual overall budget of circa £60m (2021/22: £60m; 2022/23: £57.12m; and 2023/24: £57.12m). The results of individual GREAT campaigns vary but, on average, externally verified analysis shows £1 of GREAT spend on marketing generates £15 for the UK by encouraging people to visit, study, trade, invest, live and work in the UK.

Encouraging prospective international students to choose to study in UK higher education institutions brings strong return on investment. For example, the GREAT Study UK campaign generated £407m in 2021/22 and £548m in 2022/23 (specifically from international students studying for up to three years in the UK). The 2023/24 results are currently being verified and are expected by June 2024.

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