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<p>It is important that there is a sustainable system to support students and support higher education (HE) that is responsive to the needs of the labour market and the wider economy, and that is fair to students and fair to taxpayers. The government keeps the higher education (HE) funding system under continuous review to ensure that it remains sustainable and provides many different opportunities for learners to acquire vital skills. 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><p> </p><p>In 2021/22, the total income of the HE sector in England was £40.8 billion, up from £28 billion in 2014/15, including £8.8 billion income from international student fees. Of the £40.8 billion, approximately £16 billion was provided by the government. Over the current spending review period, both the Department for Education and the Department for Science, Innovation and Technology are investing £1.3 billion in capital funding to support teaching and research.</p><p> </p><p>The department is proud that the UK is home to some of the world’s top universities who benefit from strong international ties, so much so that the UK HE system has educated 58 of current and recent world leaders and has 4 out of the top 10 globally ranked universities. Attracting the brightest students internationally is good for the UK’s universities and delivers growth at home.</p><p> </p><p>Education policy is a devolved matter, and different HE funding arrangements apply in the devolved administrations.</p> |