University of Liverpool financial information 2024/25
Your fees are an investment in your future. From running our academic departments and engaging teaching staff, to providing support, services and cutting-edge facilities, tuition fees are essential to supporting the quality of your education and the delivery of our TEF Gold-rated student experience.
The information here will explain how we spend your tuition fees and our other income at Liverpool.
You can also download the financial information for students (Excel document, 60KB).
Where does our income come from?
Universities receive income from a number of sources. Tuition fees are an important part of this, but they are not the only source of funding.
In 2024/25, the University received £726.3 million income from:
- Tuition fees and education contracts – fees from UK, EU and international students
- Research grants and contracts – secured through competitive bids for research grants from research councils, charity funders, industrial funders and the UK Government
- Government grants for teaching – allocated by the Office for Students (OfS) to subsidise the cost of more expensive programmes
- Government grants for research – allocated by UK Research and Innovation (UKRI) based on Research Excellence Framework (REF) performance
- Residences, catering and conferences – rental income from residences and commercial units, catering outlets and conference packages
- Other income - including commercial activities, income from investments and donations.
What this means for students
Your tuition fee contributes to the cost of delivering education and supporting services, but it is combined with other income sources to fund the full range of University activities.
How do we spend our income?
University spending supports teaching, research, facilities and services which all benefit our students and enhance your overall experience with us.
In 2024/25, the University spent £722.1 million across major areas including:
- Academic departments – staff costs and department-specific equipment and IT
- Student support – wellbeing, careers, sport, disability and other support services. This also includes funding for the Liverpool Guild of Students
- IT, library and academic services – costs associated with providing digital systems, library resources and study support
- Campus services and estates – including energy and water costs, as well as repairs and general maintenance
- Running the University - central academic administration services as well as activity supporting fellowships, public lectures, concerts and exhibitions, widening participation activity, communications and marketing, alumni relations and student recruitment
- Scholarships and bursaries – financial support for students including prizes and other similar awards
- Residences, catering and conferences – costs associated with student residences and commercial units, catering and conference operations
- Direct research expenditure – staffing and equipment costs related to competitive research grant activity.
What this means for students
A large proportion of University spending supports teaching and learning resources, as well as services that support students throughout their studies.
How are tuition fees used?
For UK undergraduate students, the tuition fee for 2024/25 was £9,250 per year.
Your tuition fee helps fund:
- Teaching and academic staff
- Libraries, laboratories, specialist equipment and learning resources
- IT systems and digital infrastructure
- Student services including wellbeing, careers and disability support
- Course and academic administration
- Campus facilities and study spaces
- Scholarships and bursaries.
What this means for students
Your tuition fee contributes to both the delivery of teaching and the wider services that support your academic progress and wellbeing.
Find out more about how tuition fees support your education.
Our financial position
In 2024-25 the University generated an underlying operating surplus of £4 million (0.5% of income). This is the funds which are not required to support our day-to-day operating costs. Maintaining an operating surplus helps ensure the University remains financially sustainable and able to continue investing in teaching, facilities and student support services.
Over time our surplus fund goes to support capital investment projects which are an important part of preparing the University for the future. These investments, which are not included in the expenditure for the year quoted above, total £59.2 million for 2024/25:
- £12.9 million in software and capital equipment
- £11.7 million on the refurbishment and extension of the School of Architecture
- £2.9 million on the refurbishment of the Derby and Hartley buildings
- £2.5 million on Liverpool Active Health and Sport
- £2.3 million on C-Gull Project
- £2.1 million on PPC Faculty
- £1.7 million on colocation of Professional Services Facilities
- £21.3 million on asset programme of work
- £1.8 million in additional smaller projects.
Further information
The University publishes detailed financial statements each year as part of its commitment to transparency.
You can view the full financial statements.