HE Provider Data: Finance – Open data release 2020/21

Total income for UK HE providers in 2020/21 was £44.0 billion with expenditure of £42.4 billion.

View HE Provider Data: Finance 

Of the 274 HE providers included in the 2020/21 data, 195 reported a surplus for the year and 79 reported a deficit.

Tuition fees and education contracts accounted for 53% of HE providers’ income in 2020/21. Research grants and contracts made up 15% of the sector’s income with funding body grants accounting for 14%. 56% of expenditure was on staff costs, with 2% on interest and other finance costs.

As well as income and expenditure, today’s release includes balance sheet information showing current assets of £26.1 billion for HE providers in 2020/21, and capital expenditure data showing a total spend of £4.2 billion. Further tables show providers’ sources of income, categories of expenditure, cash flow, and senior staff pay.

Today’s release is accompanied by a new User guide that explains what is shown in each table to help users interpret the data.

Notes

• Twelve providers’ finance data was not finalised by the cut-off date for publication and are not yet included in the 2020/21 finance open data. Data for these providers will be included in a future update to this release:
  • Assemblies of God Incorporated,
  • HULT International Business School Ltd (31/07/2021 year end),
  • Inchbald School of Design,
  • London School of Commerce & IT Limited,
  • Nazarene Theological College,
  • Paris Dauphine International,
  • Richmond, the American International University in London, Inc.,
  • Royal Academy of Dance,
  • Spurgeon's College,
  • University Academy 92 Limited,
  • University of Buckingham,
  • Waltham International College Limited.
• Different HE providers use different financial year-end dates. The 2020/21 data includes providers with year end dates of 31 August 2020 to 31 July 2021.
• See Definitions: Finances for full definitions of terms used in the release and explanation of the coverage of statistics.
• To fully analyse the finances of an individual HE provider please refer to that provider’s own published financial statements.
• 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.