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Creating Prosperity: the role of higher education in ... - Universities UK

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<strong>Creat<strong>in</strong>g</strong> <strong>Prosperity</strong>: <strong>the</strong> <strong>role</strong> <strong>of</strong> <strong>higher</strong> <strong>education</strong><strong>in</strong> driv<strong>in</strong>g <strong>the</strong> <strong>UK</strong>’s creative economy555.13 The structure <strong>of</strong> <strong>the</strong> creative <strong>in</strong>dustries as sectors compris<strong>in</strong>g ma<strong>in</strong>ly small and micro-bus<strong>in</strong>essesmakes engagement with <strong>higher</strong> <strong>education</strong> difficult, and <strong>the</strong>re are barriers on both <strong>the</strong> demand andsupply sides:• For academics, engagement with SMEs is difficult due to <strong>the</strong> fragmented company base, and isnot clearly rewarded (for example as publishable research). Constra<strong>in</strong>ts on academics’ time arealso a major barrier.• For creative bus<strong>in</strong>esses, costs and time are barriers to <strong>in</strong>teraction with <strong>higher</strong> <strong>education</strong>, andmany struggle to articulate <strong>the</strong>ir <strong>in</strong>novation needs clearly, or even to recognise what <strong>the</strong>y doas <strong>in</strong>novation.5.14 Many <strong>of</strong> <strong>the</strong> valuable <strong>in</strong>itiatives developed to encourage and support knowledge exchange betweenHEIs and <strong>the</strong> creative <strong>in</strong>dustries also rely on precarious sources <strong>of</strong> fund<strong>in</strong>g, many <strong>of</strong> which areei<strong>the</strong>r disappear<strong>in</strong>g or under serious threat. With <strong>the</strong> demise <strong>of</strong> <strong>the</strong> RDAs, many have also lostpowerful regional partners that helped with <strong>in</strong>dustry engagement and brought valuable focuson economic outcomes.Conclusions: Skills, employability and entrepreneurship5.15 The creative <strong>in</strong>dustries thrive on talent. Graduate employment is high across <strong>the</strong> sector and both <strong>the</strong>demand for and supply <strong>of</strong> relevant courses is <strong>in</strong>creas<strong>in</strong>g. Our research estimates that as much as 16per cent <strong>of</strong> <strong>the</strong> student body may be <strong>in</strong>volved <strong>in</strong> courses relevant to <strong>the</strong> creative economy. Even if notall <strong>of</strong> <strong>the</strong>se students eventually work <strong>in</strong> <strong>the</strong> creative <strong>in</strong>dustries or <strong>in</strong> creative occupations elsewhere,this is a strong <strong>in</strong>dicator <strong>of</strong> <strong>higher</strong> <strong>education</strong>’s contribution to <strong>the</strong> sector.5.16 It is important to be clear that it is not <strong>the</strong> primary purpose <strong>of</strong> <strong>higher</strong> <strong>education</strong> to develop narrow skillsets, even though occupational skills are one necessary element <strong>in</strong> <strong>the</strong> <strong>education</strong> process. Higher<strong>education</strong> nurtures and develops creative talent and produces graduates with deep specialism and,<strong>in</strong>creas<strong>in</strong>gly, <strong>the</strong> ability to work <strong>in</strong> multidiscipl<strong>in</strong>ary teams. It is this talent that will <strong>in</strong>novate newproducts, processes and bus<strong>in</strong>ess models to drive <strong>the</strong> creative economy <strong>of</strong> <strong>the</strong> future, and this isnot a need that o<strong>the</strong>r tra<strong>in</strong><strong>in</strong>g providers can easily meet.5.17 This does not mean that <strong>higher</strong> <strong>education</strong> is somehow remote from <strong>the</strong> needs <strong>of</strong> <strong>in</strong>dustry; <strong>in</strong> fact,<strong>the</strong>re is evidence <strong>of</strong> grow<strong>in</strong>g engagement between <strong>higher</strong> <strong>education</strong> and <strong>in</strong>dustry at all stages <strong>of</strong><strong>the</strong> <strong>education</strong> process, from course design and development to delivery. This is hav<strong>in</strong>g a beneficialimpact on students, <strong>in</strong>dustry and universities and, ultimately, will fur<strong>the</strong>r enhance <strong>higher</strong> <strong>education</strong>’scontribution to <strong>the</strong> creative economy.5.0 Conclusions and recommendations

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