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Income

Income and expenditure of higher education providers in 2014/15

HE Finance Plus 2014/15 shows that the total income of higher education providers in 2014/15 was £33.2 billion.2 Tuition fees and education contracts contributed £15.6 billion or 47% of this total. The total expenditure of UK HE providers was £31.2 billion, of which £17.1 billion (55%) was spent on staff costs.

Breakdown of £29.4 billion expenditure

Finances of Higher Education Providers 2013/14 shows that UK HE providers had a total expenditure of £29.4 billion in 2013/14. £11.4bn (38.7% of the total) was spent through academic departments. Medicine, dentistry and health departments accounted for 8.9% of total expenditure.

Income of higher education providers tops £30 billion, expenditure £29.4 billion in 2013/14

HE Finance Plus 2013/14 shows that the total income of higher education providers in 2013/14 was £30.7 billion. Funding bodies provided £6.1 billion of this income, while tuition fees and education contracts contributed £13.7 billion.

Capital expenditure £3.1 billion in 2012/13

HESA publication 'Finances of Higher Education Institutions 2012/13' released today.

Finances of Higher Education Institutions 2012/13 shows that UK HE institutions (HEIs) spent £2.4 billion on buildings and £0.7 billion on equipment in 2012/13, giving a total capital expenditure of £3.1 billion.

Over 3,500 new graduate start-ups in 2012/13

The HE Business and Community Interaction (HE-BCI) Survey is completed by all publicly funded UK Higher Education Institutions (HEIs) and the results show the extent to which HEIs are embedded in the economy and communities of the UK. The HE-BCI publication, released by HESA today, displays the full survey results for every UK HEI. This release provides the headline results for the UK and for each devolved administration.

The survey results show the number of new and on-going spin-off companies associated with UK HEIs. 126 spin-offs were started with some HEI ownership in 2012/13 and over 3,500 graduate start-up companies were formed. In 2012/13 active spin-off companies employed nearly 39,000 people (FTE).

Income of higher education institutions: £29.1 billion in 2012/13

HE Finance Plus 2012/13 shows that the total income of higher education institutions (HEIs) in 2012/13 was £29.1 billion. Funding bodies provided £7.0 billion of this income, while tuition fees and education contracts contributed £11.7 billion.

HE sector financial surplus down in 2011/12

Finances of Higher Education Institutions 2011/12 shows that the surplus of net income over expenditure for UK higher education institutions (HEIs) fell by 6.4% to £1.1 billion in 2011/12 from a high of £1.2 billion in 2010/11.

Income of higher education institutions £27.9 billion in 2011/12

HE Finance Plus 2011/12 shows that the total income of higher education institutions (HEIs) in 2011/12 was £27.9 billion. Funding bodies provided £8.3 billion of this income, while tuition fees and education contracts contributed £9.7 billion.

£8.3 billion income from HE tuition fees in 2010/11

Finances of Higher Education Institutions 2010/11 shows that students' higher education tuition fees contributed £8.3 billion to the income of UK HE institutions. £2.9 billion of this income came from non-EU domicile students' tuition fees.

The chart below shows, for each country of the UK, the proportion of tuition fee income from different kinds of students. The differing profiles of each country reflect, among other things, the different fee regimes in each administration. The chart is taken from the online introduction to Finances of Higher Education Institutions 2010/11 and based on data from Table F.

Income of higher education institutions £27.6 billion in 2010/11

HE Finance Plus 2010/11 shows that the total income of higher education institutions (HEIs) last year was £27.6 billion. Funding bodies provided £8.9 billion of this income, while tuition fees and education contracts contributed £9.0 billion.