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INVESTMENT, EXCLUDING
RESIDENTIAL, IN THE ACADEMIC ESTATE HAS RISEN BY
£170 MILLION OR 9% FROM 2011–12 UNIVERSITY SECTOR TURNOVER IS £27 BILLION
EQUIVALENT TO THE FOURTH LARGEST FTSE COMPANY
HIGHER EDUCATION CAPITAL EXPENDITURE IS GREATER THAN THE ENTIRE CROSSRAIL BUDGET
Estates turnover hits £27 billion
AUDE report highlights impact of university estates and facilities across the UK
T
he Association of University Directors of Estate (AUDE) annual report details the impact of
university estates and facilities across the UK. The ‘Higher Education Estates Statistics Report 2014’ shows the higher education sector has a turnover of £27.3bn, spends £2bn (excluding residential) per annum and occupies 26 million sq m (280 million sq ft). In terms of capital expenditure on
university estates, excluding residential, the spend was £2bn between 2012–2013 which equates to more than the average annual Crossrail budget (£14.8bn spread across nine years between 2009–18). In terms of size, UK universities
occupy an area just shy of the NHS estate (30 million sq m, 322 million sq ft) but more than two-and-a-half times the government's own estate (10 million sq m, 107 million sq ft). The sector has felt monumental
changes over the past fi ve years with tuition fees trebling in England, income declining in real terms, competition growing and any surplus income or space under signifi cant pressure and demand. Up to 2010 the sector saw year-on-year increases in income greater than infl ation, but now copes with the fact that its income has not been growing as fast as ever increasing costs. The report also reveals the substantial
investment made into estates – £2bn in 2012/13 – with such funding increasingly coming from internal university sources rather than from the government. Energy and emissions is another
key focus of the report and with these costs expected to continue to rise, the sector is at the forefront for carbon reduction strategies. At present, this is yet to materialise into reduced energy consumption, however, it holds the increase in consumption to a manageable level as buildings become ever more complex. Andrew Burgess AUDE Chairman
and Deputy Chief Operating Offi cer of Loughborough University, said: “This report undoubtedly shows that good- quality estates management translates into a bet er staff and student experience which, in a climate of increased tuition fees, less income and added competition, is more valuable than ever. “The University Estates sector is
often taken for granted but through demonstrating that its annual turnover is larger than 346 of the FTSE 350 top revenues, I hope that people will appreciate the size, quality and impact of HE estates to both local and the UK economy.”
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