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 2023/24.
Income
Our total income for 2023/24 was £533m.
This was made up of (to the nearest million):
- Student fees and education contracts = £260m
- Research grants and contracts = £100m
- Residences, catering, conferences and retail = £105m
- Government grants for research = £31m
- Other income = £25m
- Government grants for teaching = £12m
Expenditure
Our total expenditure in 2023/24 was £546m
This was made up of (to the nearest million):
- Academic departments = £212m
- IT, library and academic services = £29m
- Student support = £47m
- Scholarships and bursaries = £23m
- Estate = £68m
- Running the University = £49m
- Direct research expenditure = £66m
- Residences, catering, conferences and retail = £52m
More information
This information is condensed from the University's annual reports.
Also of interest
- Our economic impact
- Governance and Management
- Student numbers and key facts
- University plan and key objectives
- World-leading research
- Campus development
- University third party supplier expenditure above £25k financial year 2023-24 (PDF
, 93kb). Note, this excludes VAT. Suppliers have been excluded where naming the supplier or value would be commercially sensitive, or where naming the supplier would create a cyber risk.