The University's finances at a glance 2018/19

Here are some of the headline messages to give you a better insight into how our University is funded, where we invest our income and the risks and challenges ahead.

More than 95% of our income is spent on our core missions – on our staff and students to deliver research, education and social responsibility, with the remained invested in the long-term sustainability of our University.

2018/19 was another testing year for UK universities. Despite this challenging environment, our University reported a reasonable financial performance.

Where our money comes from

In 2018/19 our total income increased to £1,097.9m – a growth of 3.7%. 

Choose a segment on the graph below to see the percentage of the total.

Our turnover is comparable to the combined income of Manchester City and Manchester United football clubs. Excluding capital income of £88.1m, our income growth was £34.2m (3.5%) and was driven mainly by additional fee income from international students.

Where our money is spent

During 2018/19 we continued to invest in supporting our three core goals of research; teaching, learning and the student experience; and social responsibility. A proportion of this surplus has been used recently to fund additional posts in parts of the University. Along with significant external funding, some of our operating surplus has been invested in the development of our estate and facilities.

Choose a segment on the graph below to see the percentage of the total.

What is the £9,250 tuition fee spent on?

We’re committed to providing clarity about how we use income from tuition fees to deliver a high-quality student experience. This matches the expectation of the Office for Students in holding the sector to account regarding choice, competition, transparency and value for money.

Choose a segment on the graph below to see the percentage of the total.

Our full Financial Statements

If you want more information on the University's finances, you can look at our 2018/19 Financial Statements on our corporate documents page.