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

Top-up guarantee needed from government if fees are cut, warns UUK

30 May 2019
Responding to the review of post-18 education and funding's publication, Universities UK is calling on the government and next prime minister to consider fully the potential consequences of the recommendations for students and our higher education sector.

Universities UK response to government release on financial sustainability of universities

25 May 2019
Universities UK has responded to comments made today (25 May 2019) by Education Secretary Damian Hinds on university finances and challenges currently facing the sector.

Blog

City with blue sky

General election 2019: skills, jobs and opportunity

11 November 2019
UUK's Karmjit Kaur on the policies that all parties should commit to, to ensure UK universities remain a global success story.

a student against a background of stripes

Presenting university income and spending to students

21 October 2019
David Phoenix on the importance of universities presenting their financial information to students.