UK universities spent nearly £2 billion from internal sources for capital projects in 2012-13, up from £1.5 billion in 2008-09.
The Finances of Higher Education Institutions 2012-13 report states that during the past academic year, universities’ capital expenditure was nearly £3.1 billion, 64 per cent of which was provided by internal sources. This compares with a total of almost £3.5 billion four years ago, of which 43 per cent was funded by internal sources.
Expenditure funded by loans remained relatively stable, at £408 million in 2008-09 and £326 million in 2012-13, according to the data published earlier this month. Meanwhile, capital projects financed by funding body grants fell by about half over the four years, from £765 million to £359 million.
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