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What is the income and expenditure of HE providers?

HE Provider Data What is the income and expenditure of HE providers?

Our detailed publications, HE Finance Plus and Finances of HE Providers continue to be released as paid-for publications. As part of our Open Data strategy, these publications will be released as open data, free of charge in March 2019.

Below we provide two top-level charts looking at the income and expenditure of HE providers

Income of UK HE providers by location and category (£ millions)

2014/15 to 2016/17


Expenditure of UK HE providers by location and source (£ millions)

2014/15 to 2016/17


The finance record is constructed each year to the Statement of Recommended Practice (SORP). A fundamental review of the Finance record was completed in 2013/14, with the resulting changes implemented in a new specification for the 2015/16 collection, taking into consideration the changes from the implementation of Financial Reporting Standards (FRS) 102. Financial Reporting Standards (FRS) 102 is the new financial reporting framework for higher and further education providers for reporting periods starting on or after 1 January 2015.

These new standards have introduced significant changes in the way financial performance is reported, which present difficulties in comparing 2015/16 results with historical trends, and in comparing results between providers. Some transitional changes reflected in the restated 2014/15 results mean this is also an atypical year. We would therefore advise caution when undertaking time series and comparative analysis.