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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