OfS provisional funding allocations, 2023-24

Rejoice, for the Office for Students is handing out money!

David Kernohan is Deputy Editor of Wonkhe

As we keep hearing, in real terms undergraduate fees in England are worth less than two thirds of what they were when introduced in 2012-13.

What’s less frequently remarked on is that the cash terms value of direct teaching funding (from HEFCE and the OfS) has also dropped in that time – from £1,418m in 2015-16 (the first year when the overwhelming majority of undergraduate students were in the new, £9,000 fees, funding system) to just £1,339m for 2023-24 (this will rise to £1,407m when we get the updated specialist provider payments, and a few other bits, sorted out).

This is despite the growth in student numbers – and the number of providers in receipt of funding – over that period.

To be scrupulously fair, the total allocated by OfS has gone up by £40m (3.7 per cent) over last year. Any rise in provider income is welcome – though if we’d elected to keep the real terms value of the 2015-16 allocations we’d need £1,861m.

Here’s this year’s allocations – the main chart shows the difference in cash terms between this year and last year, and if you mouse over one of the dots you can dig into provider-level allocations via the bar chart on the side.

[Full screen]

Leave a Reply