Financial facts

Year ended 31 July 2010

The University of Nottingham's growth in income continues to be consistent across all categories reaching £511million, an increase of 11 per cent, consistent with the rise in 2009.  Continued growth in tuition fees and research grants demonstrate the underlying strength of the University.  

Research awards for the year achieved another new record of £150million and with student applications remaining strong income is forecast to continue to grow over the coming years.

Turnover                                                    £511 million

• Tuition fees and education contracts               £165 million
• Funding body grants                                         £144 million
• Research grants and contracts                         £105 million
• Other operating income and interest               £97 million

Surplus                                                        £37 million

The University has continued to meet its planned objective of returning increased levels of surplus. The results represent continued increased income, control over staff costs and other cost savings in anticipation of the expected reduction in government funding over the coming years. The results include £6million receipt from University Partnership Programme (UPP) in connection with the extension of the lease on the Broadgate Park student accommodation. The overall result was a net surplus of £37million compared to £13million last year.   The level of surplus along with strong cash management allowed for continued investment in the University infrastructure (£36million) whilst also reducing debt from £48million last year to £11million.  

Annual Financial Statements

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.