How we spend our money
Corporate information
Where our money comes from
We get our income from various sources:
- Approximately 79% is from tuition fees and education contracts
- 9% is from government (funding council) grants
- 9% is from other income sources (including halls of residence and catering)
Income in 2016/17
| Income Type | Amount (in £m) |
|---|---|
| Total | 233,682 |
| Tuition fees and education contracts |
183,496 |
| Funding council grants |
21,848 |
| Research grants and contracts |
7,792 |
| Other income |
19,996 |
| Endowment and investment income |
0.55 |
How we spend our money
In 2016/17, we spent £168 million (74% of the spending total) on academic departments and services, student bursaries and hardship funds and staff and student facilities.
We spent a further 14% (£31 million) on maintenance of buildings and facilities.
Discover how our expenditure impacts the local economy.
Expenditure in 2016/17
| Expenditure Type | Amount (in £m) |
|---|---|
| Total | 226,959 |
| Running academic departments |
117,043 |
| Providing academic services |
29,880 |
| Direct costs of academic research |
6,492 |
| Bursaries and hardship funds |
6,930 |
| Staff and student facilities |
13,733 |
| Maintaining our buildings and facilities | 30,669 |
| Providing residences and catering |
7,942 |
| Other operating costs |
7,671 |
| Other | 6,599 |
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