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Graduate jobs news: universities 'forming stronger ties with business'
Thursday, 10 July 2008
Students planning their hunt for graduate jobs might be interested to know that universities seem to be forming ever stronger ties with business.
According to The Higher Education - Business and Community Interaction (HE-BCI) survey, UK institutions received £2.64 billion through business and community interaction in 2006-07, a rise of 17 per cent on the previous 12 months.
Science and Innovation minister Ian Pearson said: "Universities are shifting up a gear when it comes to working with business and making an economic impact.
"In percentage growth terms, collaborative research with industry in the UK is growing at a faster rate than the Chinese economy."
The report also found that universities made £670 million from collaborative research with business, a 12 per cent increase on last year.
Meanwhile, the second annual Robert Half Global Financial Employment Monitor, shows that UK firms are turning to graduates to fill skilled financial roles.