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How your university delivers value for money

We believe that we deliver exceptional value for money to our students.

All of our spending is on your University. The vast majority of the money we get in is spent on teaching, research, investing in the student experience, facilities for learning, living and socialising, with just a small percentage going on running costs.

Here’s a breakdown of how we spent your £9,250 student fee and all figures are for 2023/24:

Description£
The academic departments that deliver your teaching and learning experience£5,003
Academic services such as the library that support your learning£1,761
Central administration that keeps the University running£608
Student bursaries and scholarships£5
Staff and student facilities for study and leisure£524
Premises£1,349
Total£9,250

Where our money comes from?

The money the University gets in to use comes from a range of sources, including tuition fees, grants and money from things like accommodation and catering. Since tuition fees were introduced by the Government and other funding decreased, they have become the largest part of the University’s income.

The chart below shows the sources of our income for the last academic year and the ways in which we spent this money.

Sources of incomeMillions (£)
Tuition fees£105.202
Funding body grants£9.402
Research grants£2.219
Residence and catering income£12.683
Other income£13.291
Total£142.797

Our expenditure

Here’s our total expenditure for 2023/24 and a breakdown of what it was spent on.

Area of expenditureMillions (£)
Academic departments£71.782
Academic services£25.271
Central administration and services£8.717
Bursaries and scholarships£0.70
Student services, support and facilities£7.524
Premises£18.823
Residence and catering operations£7.533
Research grants and contracts£1.546
Pension cost adjustment£3.082
Other£0.440
Total£138.24

Leaving a surplus of £4.173m which supported ongoing investment in our estate, new equipment for courses and repayment of long term loans.

Where can I find out more?

Read our latest financial reports