University finances 2015-16

How The University of Exeter earned its money in 2015/16

About half our income comes from teaching and half from a variety of other sources, including research. Research creates new knowledge and this informs the suite of undergraduate and postgraduate teaching we offer. As Government reduces the amount of teaching grants they provide universities, replaced by tuition fee income, that puts students at the heart of what we do.

How we earned our money in 2015/16£m
Tuition fees 203.5
Residences, catering and conferences 24.8
Funding body grants 46.3
Other income 28.0
Income from health authorities 3.1
Other services rendered 2.8
Investments and interest income 1.2
Research grants and contracts 61.4
 Total 371.1

How The University of Exeter spent its money in 2015/16

The way we spend our money reflects the vibrancy of our University. Research inspired teaching is at the heart of what we do, providing students with a world class education. But equally important are the support services, covering the arts and sports, state of the art facilities set in our beautiful campus environments in Exeter and Penryn, Cornwall. We also spend significant sums on student support, bursaries and scholarships, provide a range of careers and welfare services as well as fund the Guild of Students.

How we spent our money in 2015/16£m
Staff costs


Books, periodicals, IT, licences, laboratory and other equipment 17.8
Depreciation 37.9
Travel and subsistence 9.4
Other expenditure 39.7
Residences, catering and conferences 10.0
Interest payable 11.1
Student support 26.9
Publicity, publications and student recruitment 4.5
Property expenses 16.7
Total 358.2
Surplus/(Deficit) for year 12.9