Professor Irene Tracey revealed the figures during her annual oration, highlighting Oxford’s role as a national economic engine as well as a centre for learning and research.
Delivered annually by Professor Irene Tracey, the vice-chancellor’s oration is one of Oxford University’s most significant public speeches, setting out the institution’s achievements, challenges and ambitions for the years ahead.
Professor Tracey said: “Universities have a crucial role to play in driving economic prosperity and creating opportunities for future generations.
“Oxford’s combination of world-leading research, entrepreneurial activity and collaboration with industry is helping to deliver growth both locally and nationally.”
Professor Irene Tracey (Image: Oxford University)
The university’s impact reaches far beyond its campus, supporting jobs through supply chains, construction, tourism, and hospitality.
Thousands more roles are connected to research partnerships and companies born from Oxford’s academic discoveries.
Central to this economic influence is the university’s spin-out sector.
Companies formed from Oxford research now employ around 10,500 people and operate in areas such as life sciences, artificial intelligence, and advanced engineering.
Professor Tracey cited strong investor confidence in these businesses, noting that £1.1 billion was invested in Oxford spin-outs over the past year.
She said every £1 of Oxford’s research income generates over £11 in impact from research and knowledge exchange activities.
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