How are we funded?
Ravensbourne received £25.3 million pounds of funding during 2015-16, this included government funds, student tuition fee, other grants and investments.
Ravensbourne received £4.9 million pounds directly from Government Grants (HEFCE for Higher Education and Skills Funding Agency and Education Funding Agency for Further Education).
Ravensbourne received £19 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 £1.2 million pounds from other sources such as commercial activity, grants and small research based projects.
Ravensbourne received almost £134k thousand pounds from investments - this is mostly from funds put on short term deposit.
Ravensbourne spent almost £25 million pounds during 2015-16, this included Staff costs, running academic departments, managing central services and maintaining the building.
Ravensbourne spent £8.9 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 £2.1 million pounds on running its academic services this includes registration of student records, assessment, quality assurance, bursaries, student support and validation fees.
Ravensbourne spent £7.9 million pounds on running the institution, this includes central support staff, governance, management, finance, human resources and marketing.
Ravensbourne spent £2.8 million pounds maintaining our building, this included interior and exterior maintenance, facilities management and health and safety.
Ravensbourne spent £3 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 2015-16 Ravensbourne achieved £401k surplus.