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The University's Finances at a glance

The University's finances at a glance 2017/18

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.

Our University’s financial objectives are to achieve long-term financial sustainability in order to invest in our strategic goals within the current challenging environment by:

  • achieving year-on-year income growth;
  • delivering an operating surplus to reinvest in our University. 

2017/18 was a challenging year for the higher education sector and while our University continues to make strategic progress, our financial performance deteriorated compared to 2016/17.

Where our money comes from

In 2017/18 our total income increased to £1,059.2 million – a growth of 5%. 

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 £83.6 million, our income growth was £17.9 million (1.9%) and was mainly driven by additional fee income from international students.

Where our money is spent

In 2017/18 our total expenditure increased to £1,029.7 million – a growth of 5%.

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

There has been an increase in our other operating expenditure from 37% to 39.8% of income due to investments such as £1.1 million to reduce the risk of cyber-attacks and investment in support for our students and staff.

During 2017/18 we invested a further £14.4 million in our Student Lifecycle Project. The project will benefit both staff and students by providing improved systems and effective processes.

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 2017/18 Financial Statements.