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Summary of funding and expenditure

The University draws on a variety of income sources to support its work, including student fees, government grants, donations, borrowing, and self-generated income through commercial activities.

Through a whole-system approach, this income is used to support a wide range of different activities including teaching and learning, cutting-edge research, knowledge exchange and community engagement.

Ensuring research-led teaching and learning excellence, an outstanding student experience, and successful outcomes for our students are at the centre of everything we do.

The figures below show total income and expenditure for the year 2022/23.

Income

O‌ur total income for 2022/23 was £518m. 

This was made up of (to the nearest million):

  • Student fees and education contracts = £256m
  • Government grants for teaching = £11m
  • Research grants and contracts = £97m
  • Government grants for research = £33m
  • Residences, catering, conferences and retail = £94m
  • Other income = £27m

Expenditure

Our total expenditure in 2022/23 was £537m

This was made up of (to the nearest million):

  • Academic departments = £213m
  • IT, library and academic services = £69m
  • Student support = £61m
  • Scholarships and bursaries = £49m
  • Estate = £49m
  • Running the University = £46m
  • Direct research expenditure = £29m
  • Residences, catering, conferences and retail = £21m

More information

This information is condensed from the University's annual reports.

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