Finance of Higher Education Institutions: September 2022 to August 2023

Breakdown of income and expenditure for the higher education sector for September 2022 to August 2023.

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.

Datasets and interactive tools

Email: highereducationandstudentfinance.stats@gov.wales

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