Home > Policy and analysis > Reports > University funding explained

University funding explained

Report
20 July 2016

University funding has received a lot of attention in recent years, with the 2012 reforms to higher education and fees across the United Kingdom.

Much of the debate has focused on undergraduate fees and research grants from government – with conclusions being drawn on the finances of universities and the possible ‘winners and losers’. This is only part of the story. Almost all universities that receive public funding are charities, and raise income from a wide range of sources.

This publication illustrates the diversity of these sources. Any surplus income is reinvested back in to improving teaching and research, and innovating with business to support local and national growth.

Without surpluses, universities would be unable to deliver the scale of investment required to meet student demands, remain internationally competitive and continue to be financially sustainable.

This publication explains how universities manage their finances to support their core activities, in both the short and longer term.

Finally, it sets out how universities manage risks to ensure they remain sustainable in the long term.


News

New government investment in research and development ‘good news’ – UUK President

21 November 2016
Universities UK welcomed today the announcement from Prime Minister Theresa May that the UK government will increase its investment in research and development by £2 billion a year by the end of this Parliament.

EU flags

UUK responds to EU funding announcement by Chancellor

13 August 2016
UUK response to announcement by the Chancellor regarding EU funding guaranteed beyond the date the UK leaves the EU.

Blog

Funders and universities must work together to build international partnerships

15 March 2017
Ahead of UUK's International Higher Education Forum, Ed Whiting from Wellcome Trust discusses the importance of global research partnerships.

Institutes of Technology and the family of education providers

8 March 2017
Professor David Phoenix, Vice-Chancellor of LSBU, highlights the value of the collaborations that already exist between technical/vocational educational providers.