Below is a summary of City's income and expenditure for the previous financial year This is to provide an overview of how is City's yearly income generated, and how is it spent.
You may also access the financial statements, which are published each year.
Our income last year: £226.7 million
Our financial year runs
from 1st August to 31st July
The UK Governmentfunded us £21.9 million last year through the Higher Education Funding Council of England
of our income is generated by tuition fees
Other income, including donations, amount to
The University received
£11.6 millionfrom research grants and contracts
was generated through tuition fees and various educational contracts, mainly with the NHS
The University spent
£131.3 millionon staff costs
Rents, rates and insurance accounted for £9.3 million of expenditure
was spent on student bursaries
was spent on improving the estate and IT infrastructure. This was funded by accumulated reserves from prior years.
An overall surplus of
£14.3 millionwas generated