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In 2016, it cost A$12.4 billion to operate the Group of Eight universities, of which public funds from the government provided A$6.7 billion. The London Economics report reveals that the work of the Group of 8, delivered a return of over A$66 billion to the nation. UNSW

National Press Club address: Ian Jacobs on universities, Australia’s ‘hidden’ asset

A new report found that every one dollar of public funding spent on Go8 university research generated A$9.76 across the Australian economy, a roughly 10 fold return on the government’s investment.

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