City University London Finance

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City University London Finance

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.

More detailed information can be found in the annual report – a review of the University’s recent academic and financial performance. You may also access the yearly financial statements, which are published in November each year.

See also: Student fees & funding (for students) and Finance information for staff (staff hub)

 

Our income last year: £207.6 million
The UK Government funded us £21.5 million last year through the Higher Education Funding Council of England

78% of our income is generated by tuition fees

Other income, including donations, amount to £12.4 million

The University received £13.1 million from research grants and contracts

£165.7 million was generated through tuition fees and various educational contracts, mainly with the NHS
75% of our research is world leading or internationally excellent which contributed to the £13.1 million of revenue from research grants and contracts

£42.4 million spent on running our administration and central services, to improve the quality of our students’ experience

Transforming premises £34.4 million was spent on ongoing improvements to our campus

£2.3 million was spent on our catering facilities

£90.6 million was spent on academic departments, including paying our academics’ salaries

Adjusted pension costs, research consultancy and other expenditure amounted to £2.6 million £23.4 million was spent on Academic Services