How we spend our money
Structure and governance
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 2020/21
| Income type | Amount (in £) |
|---|---|
| Tuition fees and education contracts |
230,506,660 |
| Funding council grants |
27,792,220 |
| Research grants and contracts |
11,283,720 |
| Other income |
11,931,110 |
| Endowment and investment income |
1,027,100 |
| Total | 282,540,810 |
How we spend our money
In 2020/21, we spent £208 million (77% of the spending total on academic departments and services, student bursaries and hardship funds and staff and student facilities.
We spent a further 9% (£24 million) on the maintenance of buildings and facilities.
Discover how our expenditure impacts the local economy.
Expenditure in 2020/21
| Expenditure type | Amount (in £) |
|---|---|
| Running academic departments | 137,327,000 |
| Providing academic services | 42,370,000 |
| Costs of academic research | 9,416,000 |
| Bursaries and hardship funds | 6,841,000 |
| Staff and student facilities | 21,001,000 |
| Maintaining our buildings and facilities | 23,934,000 |
| Providing residences and catering | 5,211,000 |
| Other operating costs | 6,695,000 |
| Other | 16,758,000 |
| Total | 269,553,000 |