BU Research Blog

In 2014-15, the largest chunk of this income was from collaborative research involving public funding, which reached £1.26bn, up from £1.14bn in the previous year. This was a change in emphasis, as in 2013-14 universities gained most of their income from contract research. However, contract research earnings also increased between 2013-14 and 2014-15, from £1.2bn to £1.21bn.

Universities also upped their earnings from courses for business and the community by £35m to £715m, from regeneration and development programmes by almost £22m to £205m, and from intellectual property by £24m to £155m.

The analysis also includes information on the number of spinouts and start-up companies created by UK universities, and shows that the number of graduate start-up companies created in 2014-15 was 4,160, lower than the 4,581 companies started in 2013-14.

However, the total number of active firms with some involvement from a higher education provider in the UK was 13,045 in 2014-15, up from 11,856 in 2013-14.

The Higher Education Funding Council for England will publish its analysis of the data for England later in the year.

This article was posted in Research Professional.