How we spend our money

Woman smiling at glass door

What we spend and how we spend it

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

We’re busy redesigning our website and this section is still a work-in-progress – but you can still find all the relevant, up-to-date details using the links below.