Sources of income – 2014/15
The University derives its income from a number of sources.
Tuition fees make up the largest proportion of income accounting for 48% of total income. We currently charge tuition fees of £9,000 per annum to home and EU undergraduates. We are also able to offer bursaries to students totalling around £2.0m.
Grants from funding bodies have reduced in recent years and now account for just under 10% of our income.
The University generates over £34m each year from its research activities. We also generate around £6m per annum from endowments and investments. In 2014/15 the University received exceptional income of £28.6m from the sale of land at Shinfield to the south of Reading.
The University derives income from a number of other sources including catering outlets, conferences, executive education, the SportsPark and income derived from property holdings.
How we spend our money – 2014/15
The University spends around £122m each year on its academic schools and a further £22m on academic services such as the Library and IT services.
We make strenuous efforts to keep costs under control, particularly the amount we spend on administration and central services. A significant part of our expenditure goes towards maintaining the buildings on our campuses.
Around 53% of the University's costs are staff-related. We expect to make significant cost savings over the next few years as a result of a thorough review of the efficiency and effectiveness of our operations.
Investing in our estate
The University aims to provide a high quality environment for its students and staff in which they can thrive. As well as maintaining the existing infrastructure, we believe it is important to invest in new first class teaching, research and non-academic facilities to ensure that we continue to be one of the leading universities in the UK and internationally.
In recent years we have invested heavily in our academic and student facilities including £99m on new halls of residence, £32m on the construction of the Henley Business School and £27m on the refurbishment of the London Road campus.
Our new campus in Malaysia, University of Reading Malaysia, is now complete and welcomed its first students in September 2015.