Ravensbourne University London
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How are we funded?

Financial Information

Income

Ravensbourne received almost £27.7 Million of funding during 2018-19, this included government funds, student tuition fee,
other grants and investments.

Ravensbourne received £3.9 Million directly from Government Grants; Office for Students (OfS) and Education and Skills
Funding Agency (ESFA).

Ravensbourne received £22.5 Million 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 £1.1 Million from other sources such as commercial activity, grants and small research based
projects.

Ravensbourne received £142.1k from investments - this is mostly from funds held on short term deposit.

Expenditure

Ravensbourne spent almost £26.6 Million during 2018-19, this included Staff costs, running academic departments,
managing central services and maintaining the building.

Ravensbourne spent almost £9.8 Million 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 just over £2.5 Million on running its academic services this includes registration of student records,
assessment, quality assurance, bursaries, student support and validation fees.

Ravensbourne spent just over £9.1 Million on running the institution, this includes central support staff, governance,
management, finance, IT, human resources and marketing.

Ravensbourne spent almost £2.9 Million maintaining our building, this included interior and exterior maintenance, facilities
management and health and safety.

Ravensbourne spent almost £2.3 Million on other expenditure including depreciation of assets and finance charges.

 

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