Universities’ missions and scope have evolved from teaching and research to engaging what is described as third mission, or entrepreneurship activities. These entrepreneurship activities can range from incubation facilities to accelerator programmes designed to support nascent entrepreneurs. Through their multiple missions, entrepreneurial university contribute to economic and societal developments. Universities are now being seen as key actors in economic development given their human, knowledge, social and entrepreneurial capitals as part of their production functions. Using data from the United Kingdom, this study examines the economic impact of teaching, research and entrepreneurial activities of entrepreneurial universities.