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 income | Millions (£) |
|---|---|
| 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 expenditure | Millions (£) |
|---|---|
| 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.