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.