News and insight
Resources of Higher Education Institutions 1996/97 is published today by HESA. The volume contains detailed statistical information about the finances and academic staff of the UK HE sector.
Figures from this latest HESA publication show the total income of institutions being approximately £11.14 billion, an increase of 4.7% compared with the previous year. Institutions reported a 6% increase in income received from research grants and contracts (£1.6 billion), and other operating income increased by 11.9% to £2.1 billion, while funding councils grants amounted to £4.4 billion, a decrease of 0.6%. Total expenditure in 1996/97 increased by 4.4% compared with the previous year with expenditure on interest payable and depreciation increasing by 16.4% and 8.8% respectively. Staff costs represented 57.9% of total expenditure, the same as in the previous year.