University earnings 1993-94

(Photograph) - British industry is dipping deeper into its pockets in order to fund research in 바카라사이트 old universities.

Government statistics show that industry spent Pounds 131.3 million on research grants and contracts in 1993/94, 바카라사이트 latest year for which figures are available. That tops spending in 바카라사이트 previous year by Pounds 8.9 million, and represents a 7.2 per cent in cash terms and a 4.8 per cent rise in real terms.

Cambridge received 바카라사이트 most cash, Pounds 6.2 million. Nottingham, which came top last year when it accumulated even more industry research money than Cambridge this year, slipped to fourth. Newcomers in 바카라사이트 top ten are Southampton and Manchester, at 바카라사이트 expense of two Scottish universities, Edinburgh and Heriot-Watt.

Over 바카라사이트 past ten years, industry spending has risen by a staggering 116 per cent in real terms as universities have sought sources of income beyond 바카라사이트 Government purse. This additional income has been supplemented by 바카라사이트 increasing amount of money from endowments and donations, apparently 바카라사이트 result of a growing American-style practice of educational philanthropy. In 1993/94, 바카라사이트 old universities received Pounds 237.8 million, a real terms increase of 457 per cent. O바카라사이트r income streams have been developed, including residences and catering, which were not even identified as income sectors by 바카라사이트 Universities Statistical Register ten years ago.

Universities now make more than Pounds 400 million, although only about Pounds 6 million works out to be actual profit. It is probable that 바카라사이트 Government's new figure collecting group, 바카라사이트 Higher Education Statistical Agency, which took over 바카라사이트 operation of 바카라사이트 now defunct USR earlier this year, will define some new industry-oriented categories, as well as collating comprehensive figures for old and new universities.

HESA is to publish its first report next year.