Earnings from industry reach all-time high

April 28, 1995

Industry put a record Pounds 131 million into the 53 "old" universities for research last year, according to figures from the Universities' Statistical Record. Cambridge and science-based Imperial College London each attracted more than Pounds 6 million.

The 36 English universities received Pounds 104 million, with Pounds 32 million going to London University colleges. The six colleges of the University of Wales attracted Pounds 5.4 million, the eight Scottish universities Pounds 20.4 million, and the two Northern Irish universities Pounds 1.6 million.

Cambridge, which moved up from third place, received Pounds 6.2 million, a 5 per cent increase in cash terms on 1992/93 and a 38.7 per cent increase on 1991/92. Imperial College, also second last time, received Pounds 6.1 million, a 2.1 per cent drop but still nearly double the next London college, University College London.

Glasgow jumped to third place, earning Pounds 6 million, a 55 per cent increase on the previous year. Nottingham, which was top last time, dropped to fourth, taking Pounds 5.8 million. Oxford also slipped down, attracting just Pounds 4.6 million, a 5 per cent cash reduction.

New entries in the top ten are Southampton and Manchester, replacing Heriot-Watt and Edinburgh. Southampton made a spectacular leap, from Pounds 2.1 million in 1992/93 to Pounds 4.3 million last year, a 103.4 per cent rise. Manchester made a more modest 23.4 per cent increase, to Pounds 4 million.

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Most Commented

James Fryer illustration (27 July 2017)

It is not Luddism to be cautious about destroying an academic publishing industry that has served us well, says Marilyn Deegan

Jeffrey Beall, associate professor and librarian at the University of Colorado Denver

Creator of controversial predatory journals blacklist says some peers are failing to warn of dangers of disreputable publishers

Hand squeezing stress ball
Working 55 hours per week, the loss of research periods, slashed pensions, increased bureaucracy, tiny budgets and declining standards have finally forced Michael Edwards out
Kayaker and jet skiiers

Nazima Kadir’s social circle reveals a range of alternative careers for would-be scholars, and often with better rewards than academia

hole in ground

‘Drastic action’ required to fix multibillion-pound shortfall in Universities Superannuation Scheme, expert warns