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<p>The department considers it important that it has a sustainable system to support students and support higher education (HE), that is responsive to the needs of labour markets and the wider economy and is fair to students and fair to taxpayers. In 2021/22, the total income of the HE sector in England was £40.8 billion, which was up from £28 billion in 2014/15. Of the £40.8 billion, approximately £16 billion was provided by government. This is on top of the department’s £1.3 billion capital investment for teaching and research over the current Spending Review period.</p><p>Through the Strategic Priorities Grant, the department is investing hundreds of millions of pounds in additional funding over the three-year period from the 2022/23 to 2024/25 financial years to support high-quality teaching and facilities. This includes the largest increase in government funding for the HE sector to support students and teaching in over a decade. In addition, the department has provided £450 million of capital funding across the 2022/23 to 2024/25 financial years to allow HE providers to invest in a greater range of projects that will deliver better facilities for students.</p><p>With our world-class universities, the government fully expects the UK to continue to be a major destination of choice for international students. The department will continue to work closely with the Home Office on the student visa system and on how it impacts international students.</p><p>Longer-term funding plans for the HE sector will be set out at the next multi-year Spending Review, in line with the approach to long-term public spending commitments across government.</p> |