Finance of Higher Education Institutions: September 2021 to August 2022

Breakdown of income and expenditure for the higher education sector for September 2021 to August 2022.

Main points

Total income of the Welsh higher education sector was reported as £1.88bn, a 5% increase on the 2020/21 figure.
Total expenditure of the sector was £2.13bn, 24% (£410m) higher than in 2020/21.
Income through tuition fees and education contracts continued to rise. Tuition fee and education contracts accounted for 54% of income (£1.02bn).
Income from funding body grants decreased by 6% (from £332m in 2020/21 to £313m in 2021/22).
Research grants and contracts made up 14% of the income of Welsh universities, a slightly higher proportion than in 2020/21 (13%).
There was an increase in the amount that Welsh universities spent on staff, from £970m in 2020/21 to £1.31bn in 2021/22. This represented 62% of all expenditure in 2021/22.

Datasets and interactive tools

Email: highereducationandstudentfinance.stats@gov.wales

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