Key numbers from 2017–18
How the University spends its tuition fee income
A typical £9,250 tuition fee is split as follows:
|Teaching – academic staff and teaching costs||£3,500|
|Campus and facilities – buildings and student facilities' running costs and investment||£2,300|
|Learning resources – information technology equipment and services, libraries' running costs and investment||£1,460|
|Student welfare – student bursaries, scholarships, welfare, communications, support services, careers, employability and Students' Union grant||£1,440|
|Operating and support costs – other organisation costs, pensions and administration||£550|
Our income in 2017–18
|Funding body grants||£11.7m|
|Research grants and contracts||£0.2m|
The University derives its income from a number of sources. Our income is used to fund our day-to-day activities including the provision of teaching and support for our students. It also funds the running of our six schools and the additional services our students are able to access such as the library and IT facilities.
Tuition fees are received either directly from students or via student loans. They make up the largest proportion of income at 80.7% (2016–17: 79.2%).
Funding body grants includes money from the government (via the Higher Education Funding Council for England [HEFCE]) to 31 March 2018 and then from the Office for Students (OfS) and Research England (RE) from 1 April 2018 for teaching, research and student support. This has reduced in recent years and now accounts for 12.4% (2016–17: 12.9%) of our income.
The University derives income from a number of other sources including academic partnerships, consultancy and the hire of facilities.
The University also generates income from its research activities and from endowments and other investments.
Our expenditure in 2017–18
|Academic services including libraries and computers||£20.8m|
|Administration and central services including student facilities, bursaries and scholarships, careers guidance, student services and students' union grants||£24.9m|
|Premises (building running costs)||£18.6m|
|Research grants and contracts||£0.3m|
The University prioritises expenditure in our academic departments but it also has to ensure that essential central services are funded, including registry, student academic and support services, student facilities, information systems and services, finance and human resources. It must also ensure that buildings are repaired and maintained and that IT hardware and software is kept up-to-date.
Included in the cost of administration and central services are bursary, scholarship payments and awards made to students. Our bursary and scholarship schemes are designed to encourage students from diverse backgrounds to study at the University. We were able to offer bursaries, scholarships and awards to students totalling £3.4m.
The University spent £31.7m (2016–17: £36.3m) on its academic departments and a further £20.8m (2016–17: £10.5m) on academic services including libraries and student IT services.
We aim to provide a high-quality working environment for our students and staff. £7.8m (2016–17: £10m) of the £24.9m administration and central services cost was spent on staff and student facilities.
The premises cost includes repairs and maintenance of the University's campuses. It also includes depreciation of £3.5m (2016–17: £3.1m), which represents the annual effect of spreading the cost of the University's buildings over their economic life. In addition to this, we spent £17.6m (2016–17: £17m) improving buildings and on new equipment and furniture.