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The University posted a surplus of £33 million last year, the University continues to deliver excellent results with a surplus of £24 million. Whilst this is down from last year it reflects a reduction in grant funding of £9 million from what would have been expected prior to the reduction in grant funding in advance of the new fees regime.
The University continues to deliver strong financial results whilst still investing in its core activities and its students. Nottingham has maintained its status as one of the most popular universities securing the required student in-take despite the changes to the fees regime which has seen greater uncertainty in the higher education market and resulted in some Institutions failing to recruit to target. The University recognises the challenges and the opportunities faced within the sector and is confident that it has the strategies to meet the challenges and to continue to deliver excellence in teaching, research
The University posted an excellent surplus last year at £37 million. This included a one-off lease premium of £6million, so the underlying performance has improved with a surplus of £33 million in 2011.
Income has remained flat at £511 million with a reduction in research income reflecting the pressures on funding in the public sector. Tuition fee growth remains strong with international fees increasing by nearly 8%. The diversified nature of the University’s income helps to provide resilience in the face of the changes that are taking place in University funding.
The University of Nottingham's accounts for the latest available year end on 31 July and are available from the Annual financial statements page on the Finance website.
Nottingham, NG7 2RD
telephone: +44 (0) 115 951 5151
fax: +44 (0) 115 951 3666