The Board of Governors shared March 27 that research expenditures for the State University System (SUS) of Florida reached $2.94 billion for the 2022-23 academic year, an increase of over $400 million from the year prior. UF’s increased research expenditures contributed to that number.

The total listed in this announcement surpasses the projection of $2.68 billion set by the SUS in 2019, putting universities in Florida on course to exceed the collective goal of $3 billion by 2025, it said.

One year after exceeding $1 billion in research expenditures for the first time, teams of UF faculty across the institution added another $160 million to the total. This year’s success was due in large part to a record $530 million in spending on projects funded by the federal government and nearly $200 million in state and local government spending. Both were up about 13%.
 
This research expenditure data is based on UF’s response to the National Science Foundation’s annual Higher Education Research and Development (HERD) Survey, which is the national standard in comparing research spending among the hundreds of universities around the country. The numbers reflect spending for the fiscal year that ended June 30.
 
UF is one of only about 35 public and private universities around the country with more than $1 billion in annual research spending, a list that includes Johns Hopkins, the University of Michigan, UCLA, Harvard, Stanford, Penn State and the University of California-Berkeley. In the most recent HERD report, based on 2021 fiscal year data, UF ranked 16th among public universities and 27th overall.