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Publication to improve public understanding of how universities are funded

Universities UK publishes today a new document to help improve the public's understanding of how universities are funded.

When university funding is discussed, the focus is generally only on undergraduate tuition fees and research grants. University funding explained seeks to highlight the fact that universities now raise income from a wide range of sources and explains how universities manage this funding to support their core activities.

The publication also sets out some of the financial risks and challenges that universities face and how they can manage these to ensure they remain sustainable in the long term.

Key points from the publication include:

  • Total income for universities (2014-15) is £33.2bn. Only about a quarter (26%) of this income comes directly from government sources
  • For university teaching income, 18% comes from direct government sources, 47% from UK & EU undergraduate fees, and 23% from non-EU student fees
  • Universities receive £11.6bn from UK & EU undergraduates, £1.2bn from UK & EU postgraduates and £4.2bn from non-EU undergraduates and postgraduates
  • In research income, they received £7.9bn. Some 66% of this comes from UK government sources, 13% from UK charities and 11% from the EU
  • Through sharing their expertise and collaborating with businesses and the wider community, universities generate £4.2bn a year

Notes

  1. University funding explained is available to download

Key Contacts

Gareth Morgan

Gareth Morgan

Media Relations Manager
Universities UK

Clara Plackett

Clara Plackett

Press and Social Media Officer
Universities UK

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