How are we funded? Income and expenditure summary July 2015

How we spend our money

Where we get our money from

How much we get 

 What we spend our money on

 How much we spend

Government funding grants


Running Academic departments


Student tuition fees 


Providing Academic services 


Income from other sources


Running the institution 


Income from investments 


Maintaining our building


 Total income


Providing residencies 



Other expenditure 



Total expenditure 




£1.285 million 


Ravensbourne received £24.2 million pounds of funding during 2014-15, this included government funds, student tuition fee, other grants and investments.

Ravensbourne received £5.1 million pounds directly from Government Grants (HEFCE for Higher Education and Skills Funding Agency and Education Funding Agency for Further Education).

Ravensbourne received £17.1 million pounds from Student Tuition Fees (the majority of this money is paid directly from the Student Loan Company for Home and EU students other fees are paid by International Students).

Ravensbourne received just under £2 million pounds from other sources such as commercial activity, grants and small research based projects.

Ravensbourne received £97k thousand pounds from investments - this is mostly from funds put on short term deposit.


Ravensbourne spent £23 million pounds during 2014-15, this included Staff costs, running academic departments, managing central services and maintaining the building.

Ravensbourne spent £7.5 million pounds on running its academic departments, this includes further education (foundation diplomas) and higher education (undergraduate and postgraduate provision). This includes academic staff costs and course consumables, running student union and supporting the degree shows.

Ravensbourne spent £2.3 million pounds on running its academic services this includes registration of student records, assessment, quality assurance, bursaries, student support and validation fees.

Ravensbourne spent £6.7 million pounds on running the institution, this includes central support staff, governance, management, finance, human resources and marketing.

Ravensbourne spent £2.4 million pounds maintaining our building, this included interior and exterior maintenance, facilities management and health and safety.

Ravensbourne spent £3.9 million pounds on other expenditure including depreciation of assets, finance charges and enterprise and innovation.

Ravensbourne plans to achieve a moderate surplus each year to support growth and investment opportunities (centred around learning and teaching). At the end of 2014-15 Ravensbourne achieved £1.285 million surplus.

Where We Get Our Money From

What We Spend Our Money On

Where We Get Our Money From Bar Graph

What We Spend Our Money On Bar Graph

How We Are Funded And How We Spend It