HE Provider Data: Finance – Open data release
Data released today includes the accounts of both publicly and privately funded HE providers for the first time.
The total income for those HE providers whose financial year ended on 31 July 2019 was £40.5 billion. This rises to £40.8 billion when providers using different financial calendars are added to the total. Data for English providers with a financial year-end between August and December will be published at a later date.
The data shows that over half of the income of HE providers in England and Wales comes from tuition fees. In both Scotland and Northern Ireland approximately a third of HE providers’ income came from tuition fees and another third from funding body grants.
A high proportion of HE providers saw a deficit for the 2018/19 year. Of those providers whose data is published today, 75 were in surplus while 119 were in deficit. Many of these are due to a significant pension accounting adjustment (a non-cash expense) in this year following the 2017 valuation of the Universities Superannuation Scheme (USS). This expense is not a typical annual operating expense for these providers and therefore not reflective of their underlying financial operating performance in 2018-19.
Today’s release includes data on the income and expenditure of 194 UK HE providers as well as their balance sheets, cash flow, capital expenditure, and information about senior staff pay (where available). The open data tables include previous years’ data where this is comparable.
- See Definitions: Finances for full definitions of terms used in the release and explanation of the coverage of statistics
- Further explanation of the changes to Finance data for 2018 can be found in this blog post by HESA’s Head of Policy and Development: Producing UK HE Finance data – new top lines, same bottom line.
- See Upcoming data releases for a schedule of Official Statistics releases from HESA.
- HESA cannot accept responsibility for any inferences or conclusions derived from the data by third parties.
- To give feedback on today’s release please complete the Open data feedback form.