Economic impact of the Tay Cities Deal

Making a positive economic impact.

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Economic impact

University of Dundee

  • The University of Dundee is one of the Tay Cities region’s major employers, with over 3000 staff
  • 84% of our research being assessed as ‘world leading’ or ‘internationally excellent’ in the Research Excellence Framework 2021
  • We are in the top 50 in the world in the 2020 edition of The Times Higher Education University Impact Rankings
  • The University has a strong track record in creating spinouts, including AI drug discovery company Exscientia, one of Britain’s fastest growing pharmatech companies

Future impact


  • 281 new jobs created by 2033 within the local life sciences sector, rising to 800 new jobs and over £190m benefit to the local economy by 2053
  • Targeting the creation of 10 new high growth life sciences companies by 2034
  • Delivering over 5,500 sqm of new and refurbished innovation and business incubation space
  • Attract £119m investment in Tay Cities region spin-out companies and increase medical technologies R&D income to £26.3m by 2034/35


  • Develop a unique new model for the interface between science and law leading to enhanced investment and graduate employment
  • Delivering a new dynamic research and innovation space in the heart of the city
  • Targeting new job creation over a 10 year period in science and technology
  • Development of a new skills pipeline for the region creating local job opportunities including for science and technology graduates
  • Attracting inward investment and business into the Tay Cities Region as we define a new economic cluster for forensic science and justice