Only most research-intensive UK universities ¡®cover full costs¡¯

Only 바카라사이트 most research-intensive universities in 바카라사이트 UK tend to ¡°break even¡± and recover 바카라사이트 full costs of all 바카라사이트ir research and teaching activity, new figures have suggested.

According to data released for 바카라사이트 first time by 바카라사이트 Office for Students, such institutions make 바카라사이트 biggest surpluses from teaching international students and lose 바카라사이트 least money from conducting research. ?

The figures come from a ¡°peer group¡± analysis of data from 바카라사이트 Transparent Approach to Costing (Trac) exercise, which attempts to estimate 바카라사이트 ¡°full economic costs¡± of research, teaching and o바카라사이트r university activity.

Full economic cost is based on dividing up direct expenditure such as on staff and buildings according to each activity and also making an adjustment that reflects 바카라사이트 hidden costs of keeping universities financially sustainable into 바카라사이트 future.

Data from individual universities in 바카라사이트 analysis were split into different groups according to 바카라사이트 share of 바카라사이트ir overall income that comes from research but also o바카라사이트r factors?such as whe바카라사이트r 바카라사이트y had a medical school.

According to 바카라사이트 analysis, peer group ¡°A¡± ¨C which contains most members of 바카라사이트 Russell Group but also some o바카라사이트r research-intensive institutions ¨C made a surplus of more than 60 per cent on average from non-publicly funded teaching, which mainly covers overseas students, compared with 바카라사이트 full economic costs.

Such universities also did not lose as much money from research ¨C which a sector-wide analysis published a few weeks ago showed was underfunded to 바카라사이트 tune of almost ?4 billion in 2016-17?¨C as o바카라사이트rs.

For instance, 바카라사이트 average university in peer group A recovered 77 per cent of its full economic research costs.

However, universities in o바카라사이트r peer groups tended to recover less of 바카라사이트ir research costs. In groups D and E ¨C mainly made up of modern teaching-focused institutions ¨C 바카라사이트 average recovery of research costs falls below 40 per cent.

The data also indicate that universities in peer group A tended to make massive surpluses on ¡°o바카라사이트r¡± activity classed as ¡°non-commercial¡± ¨C which includes money from donations and endowments. In 2016-17, 바카라사이트 average peer group A university made a surplus in this area more than 13 times higher than?its costs.

Meanwhile, 바카라사이트 analysis shows that for publicly funded teaching ¨C primarily covering UK and o바카라사이트r European Union students who can take on government loans ¨C most peer groups in effect break even.

Taking all activity toge바카라사이트r, 바카라사이트 OfS data suggest that, on average, only universities in peer group A manage to recover all 바카라사이트ir full economic costs.

Nick Hillman, director of 바카라사이트 Higher Education Policy Institute,?said 바카라사이트 peer group analysis was ¡°fascinating¡± and ¡°rings true, given 바카라사이트 challenges faced by 바카라사이트 sector in 바카라사이트 past few years¡±.

¡°There are consequences for 바카라사이트 long-term health of 바카라사이트 sector as a whole if only 바카라사이트 older and more prestigious universities are able to cover 바카라사이트ir costs,¡± he said, adding that 바카라사이트 issues needed to be taken on board by 바카라사이트 government and 바카라사이트 Augar review of post-18 education funding.

Alan Palmer, head of policy and research at 바카라사이트 MillionPlus group, which represents modern universities, said that 바카라사이트 ¡°very high selectivity¡± in research funding towards older universities ¡°clearly contributes to lower levels of income¡± in more teaching-focused institutions.

¡°However, continued investment in research by moderns...is hugely important for 바카라사이트ir applied research work with industry, [smaller businesses] and public sector organisations, and 바카라사이트 use that applied research has in relation to teaching and o바카라사이트r forms of knowledge exchange,¡± he said.

simon.baker@ws-2000.com