Financial facts


Year ended 31 July 2014

2013/4 saw continued strong financial performance for the University, generating an increased surplus of £25m.  Once again income growth of £10m exceeded cost growth at £7m; income from our overseas campuses rose slightly.   Cash held at the year end exceeds financial debt, despite a continued programme of investment in facilities and activities to support both academic priorities and the development of the student experience. 

The higher education marketplace continues to be a challenging one; the University continues to attract high-quality students and to produce high-quality research, ensuring that it is well placed to maintain its record of progress and achievement. 

2014 Financial Summary


   Tuition fees and education contracts  £253m  
   Funding body grants £110m  
   Research £105m  
   Other £103m
Surplus   £25 m

Download the 2013/4 Financial Statement 

Year ended 31 July 2013

The University continues to deliver excellent results with a surplus of £22m, consistent with the level achieved last year. Income grew by £41m, costs by £38m and the contribution by the overseas campuses fell by £4m as additional costs were incurred to fund both campuses’ continued expansion. Cash generation also remained strong with year-end debt less cash improving from £11m to £7m, despite continued investment being made in the University’s campuses to further improve the student experience.

2012 saw the introduction of increased HEU undergraduate tuition fees of up to £9,000. This created considerable uncertainty across the Higher Education sector. Encouragingly the number of applications to The University of Nottingham remained robust and the targeted intake was achieved and the level of income budgeted met. The increase in the fees that institutions can charge is countered by the reduction in the grants from the government funding bodies, with the grant cuts taking effect from April and increased fees from September there is a consequential funding lag. Extra pressure is placed on University finances by the increased fees coming from the Students Loans Company being received in three tranches, October, February and May as opposed to monthly grant receipts. Despite these challenges the University still delivered a good surplus, generated significant cash and invested strongly in its students and infrastructure.

2013 Financial Summary


   Tuition fees and education contracts  £220m  
   Funding body grants £125m  
   Research £112m  
   Other £104m
Surplus   £22m

 Download the 2013 Financial Statement

Annual Financial Statements

The University of Nottingham's annual financial statements for recent years are available from the Annual financial statements page on the Finance website.

Financial facts

The University of Nottingham

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