Breakdown of income and expenditure for the higher education sector for September 2022 to August 2023.
This is the latest release in the series: Finance of higher education institutions
Series information:
Main points
- Total income of the Welsh higher education sector was reported as £1.98bn, a 6% increase on the 2021/22 figure.
- Total expenditure of the sector was £1.89bn, 11% (£237m) lower than in 2021/22.
- Income through tuition fees and education contracts continued to rise. Tuition fee and education contracts accounted for 53% of income (£1.05bn).
- Income from funding body grants increased by 4% (from £313m in 2021/22 to £326m in 2022/23)
- Research grants and contracts made up 14% of the income of Welsh universities, the same proportion as in 2021/22.
- There was a decrease in the amount that Welsh universities spent on staff, from £1.31bn in 2021/22 to £975mn in 2022/23. This represented 52% of all expenditure in 2022/23.
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