What we spend and how we spend it
Find out what our sources of income are, and how we use that money, year-by-year
Where our money comes from
We get our income from various sources:
- Approximately 81% is from tuition fees and education contracts
- 9% is from government (funding council) grants
- 10% is from other income sources (including halls of residence and catering)
Income in 2021/22
| Income type | Amount (in £) |
|---|---|
| Tuition fees and education contracts | 233,801,540 |
| Funding council grants | 27,229,360 |
| Research grants and contracts | 12,730,470 |
| Other income | 13,859,600 |
| Endowment and investment income | 2,900,310 |
| Total | 290,521,280 |
How we spend our money
In 2021/22, we spent £225 million (80% of the spending total) on academic departments and services, student bursaries and hardship funds and staff and student facilities.
We spent a further 9% (£26 million) on the maintenance of buildings and facilities.
Discover how our expenditure impacts the local economy.
Expenditure in 2021/22
| Expenditure type | Amount (in £) |
|---|---|
| Running academic departments | 148,927,000 |
| Providing academic services | 49,760,000 |
| Costs of academic research | 10,413,000 |
| Bursaries and hardship funds | 5,540,000 |
| Staff and student facilities | 20,289,000 |
| Maintaining our buildings and facilities | 25,630,000 |
| Providing residences and catering | 5,966,000 |
| Other operating costs | 8,050,000 |
| Other | 7,239,000 |
| Total | 281,814,000 |