Higher Education Provider Data: Finance 2022/23
Total income for the UK higher education sector in 2022/23 was £51.6 billion, excluding eight HE providers who did not finalise their financial data by the publication deadline.
View Higher Education Provider Data: Finance
Tuition fee income of £27.0 billion accounted for 52% of total income for the 292 HE providers included in the data. Income from non-UK domicile students’ HE course fees came to £11.8 billion – 23% of the total income. 12% of HE providers’ income was from funding body grants and 14% from research grants and contracts.
Total expenditure for the sector was £48.6 billion, with staff costs accounting for 51% of expenditure. Expenditure through academic departments was £17.8 billion, of which 62% represented academic staff costs and 15% other staff costs.
Other information in today’s release includes balance sheet data showing total reserves of £65.1 billion and capital expenditure data showing £4.6 billion total spend for the year.
Further tables show providers’ sources of income, categories of expenditure, cash flow, and senior staff pay.
Notes
- Data for HE providers in England is collected by the Office for Students. Data for HE providers in Wales, Scotland and Northern Ireland is collected by HESA (part of Jisc).
- Finance data for eight HE providers was not finalised by the cut-off date for publication and are not yet included in the 2022/23 finance open data. Data for these providers will be included in a future update to this release.
- Different HE providers use different financial year-end dates. The 2022/23 data includes providers with year-end dates of 31 August 2022 to 31 July 2023.
- See Definitions: Finances for full definitions of terms used in the release and explanation of the coverage of statistics.
- See Finance data user guide for guidance on using and interpreting Finance open data on the HESA website.
- 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.