Overall Income & Expenditure
The University spends its income on the running of its academic departments, providing academic support services (such as the library and IT services), undertaking academic research, providing residences and catering for students, maintaining premises and facilities, running the university administration and central services, and running staff and student facilities (such as the sports centre and student support and counselling services).
The cost of academic departments and academic support services represents just under half of the University's total expenditure. The remaining expenditure is essential in supporting the quality of the student experience. During 2018/19 over £157m was invested in delivering improved infrastructure and facilities to ensure that research, learning, teaching space, student facilities, accommodation and catering facilities are fit for purpose and enhance the student experience.
In 2018/19 the University reported a deficit due to an increase in the pension provision which reflects the requirement to cover our share of the USS pension deficit.
Total University Income by Source of Funds
Student Fees and Education Contracts
All fee income, including support grants. This includes fees for home, EU and international students at all levels of study.
Government Grants for Teaching
Office for Students (OFS) grants for teaching which subsidise the cost of more expensive programmes. This also includes the capital investment funds, which are grants to invest in the estate specifically to support teaching activity.
Government Grants for Research
UK Research and Innovation (UKRI) grants, based on Research Excellence Framework (REF) performance, which support research activity at the University. This also includes the capital investment funds, which are grants to invest in the estate specifically to support research activity.
Research Grants & Contracts
All income from competitive bids for research grants. These grants tend to come from research councils, charity funders, industrial funders and the UK Government.
Income from consultancy activity, investment income, as well as donations and endowments.
Residences, Catering, Conferences
Income from residences including rental income from student residences and commercial units, as well as income from University catering outlets and conference operations.
Total University Expenditure by Activity
Largely staff costs within academic departments at the University. This expenditure also includes the costs within academic departments such as equipment, IT, printing, courses and conferences.
IT, Library & Academic Services
Expenditure on centralised academic services such as the libraries, subscriptions, learning resource centres and central computers. This also includes the cost of staff working within those services.
Expenditure on support facilities and amenities for students. This includes the grant to Liverpool Guild of Students, money for the hardship fund, student health and wellbeing services, wardens, the Careers and Employability Service and a subsidy to support Sport Liverpool.
Scholarships & Bursaries
The cost of cash payments made to students for bursaries, prizes, scholarships, or other similar awards.
All expenditure on the management of the estate including energy, water and sewage costs as well as repairs and general maintenance.
Running the University
This is the cost for central administration at the University. It includes expenditure for departments supporting examinations, fellowships, public lectures, concerts and exhibitions, widening participation activity, communications, marketing, alumni relations and student recruitment costs.
Direct Research Expenditure
These are costs relating to competitive research grants and include staffing as well as equipment costs and consumables.
Residences, Catering, Conferences
Expenditure associated with University residences (both student residences and commercial units), catering and conference operations. This includes staff and running costs.
How the Home/EU £9,250 Student Tuition Fee is spent
Student Fee Income Expenditure
The areas highlighted in the graph below are also supported by income from other sources, but for the purposes of demonstrating specifically how the home/EU £9,250 student tuition fee is spent we have excluded other income including government grants for teaching and research, research grants and contracts, and income from residences, catering and conferences.
Academic departments – 49% of tuition fee
This includes pay for academic staff as well as other expenditure within academic departments such as equipment, IT, staff printing, training courses and conferences.
Scholarships & Bursaries – 16% of tuition fee
This covers the cost of cash payments made to students for bursaries, prizes, scholarships, or other similar awards, which support talented students and help to widen access to higher education.
Estate running costs – 5% of tuition fee
Our estate occupies more than 600 acres of land in and around Liverpool, and contains more than 200 buildings. The costs for running this sizeable estate includes energy, water and sewage costs as well as repairs and general maintenance.
IT, Library & Academic Services – 12% of tuition fee
This cost covers expenditure on centralised academic services such as the libraries, subscriptions, learning resource centres and central computers. This also includes pay for staff working within those services to support students.
Running the University – 9% of tuition fee
This is the cost for central administration at the University. It covers a long list of activities and services including expenditure for departments supporting examinations, fellowships, public lectures, concerts and exhibitions, maintaining an active and engaged alumni network to give students the opportunity to connect with mentors, and widening participation activity to inspire, engage and enable those students who are under-represented in higher education to fulfil their potential.
Student Support – 9% of tuition fee
This is the cost for running our support facilities and amenities for students. This includes funding for Liverpool Guild of Students, money for the hardship fund (which UK students experiencing financial difficulty can apply for), student health and wellbeing services, hall wardens, which provide students in University accommodation with practical and pastoral support, and our award-winning Careers and Employability Service. It also includes a subsidy to support Sport Liverpool, which serves to widen access to sporting facilities for all students.
Back to: Finance Department