Where the University get its income
Tuition fees make up around half the University’s total income. The rest comes from funding councils, research grants, donations and the profits from our accommodation and catering services.
Student fees were increased by the UK government in 2010, but that doesn’t mean the University makes more money than before. The increase was simultaneous with a change in how universities in the UK are funded.
Under the old system, the University received much more money from the taxpayer via grants from the Funding Council (HEFCE). These grants have been reduced each year since the fee increase, so the University has swapped one source of income for another.
What your fees cover
Your tuition fees pay for our core costs, including:
- academic and research staff
- student services
- estates and facilities
- IT facilities
- the Library
- teaching support
- sports and arts facilities
- work placements and study abroad
- repaying loans for new buildings
- utility costs like maintenance, heating and cleaning
Delivering a high-quality student experience and world class research
We use our income to provide the best student experience and are consistently ranked highly for this by our students in national University surveys. To maintain the quality of this experience, we pay for high-quality staff and facilities for research that has impact across the world.
Research is at the heart of the University’s activity and directly impacts on the quality of teaching. Research income is spent on high quality, often world class, research which informs teaching and helps attract the best academics to the University. All this activity needs high quality facilities so some of the income is spent on maintaining, heating and cleaning the buildings to make sure that the Universities facilities are among the best in the sector. Central administration such as management, human resources, finance, communications and planning provides an efficient support service to the academic, research and other University activity.
Investment and improvements for the future
The University is a charity, so we don't have any shareholders or owners to pay. Any profit we make, we invest in improvements to our campus facilities and services.
These campus improvements don’t just benefit future students. In the last two years since the £9,000 fee was introduced, the University has spent just under £140m on buildings and equipment which benefit everyone now. To do this the University has borrowed money and so some of the income pays for the interest on the loans and to repay the amount that has been borrowed.