Value for money

Income

We spend our income in order to transform our students’ lives through education, and, in doing this, to support the success of our city and region.

The breakdown below shows the costs that we incur in order to achieve this:

Academic departments, teaching and student facing support – includes all the teaching costs, and support based in our academic departments to our students, central student-support services, such as library and learning resources, IT help, a wide range of student support including disability support, financial advice, educational advice, extra academic support where needed, careers advice and employability projects.
University support services - includes the departments that support the backbone of all the University's dealings with our students (IT, Academic Services, Finance, Human Resources etc)
Estates and Facilities include all the costs involved with the Universities buildings and their maintenance.

Cost	Percentage	Amount
Academic, teaching and student support	65%	£176.5m
Estates and facilities	21.1%	£57.2m
Support services	13.9%	£37.8m

Cost	Description	Percentage	Amount
Teaching	Providing the taught learning experience	63.2%	£111.6m
Research and enterprise	Delivering impact through our research and enterprise activities - both within BCU and in the wider world	14.6%	£25.7m
Bursaries, scholarships and awards	Helping students achieve their full academic potential by providing additional financial support	7.2%	£12.7m
Student accommodation	Investing in our student accommodation	4.5%	£7.9m
Library and learning resources	Connecting students with physical books and digital resources to develop their study and research	3.4%	£6m
Careers and employability	Supporting students' next steps as they put their education into practice	2.7%	£4.8m
Student support services	Being their when students need additional disability, mental health, wellbeing and financial support	2.6%	£4.6m
Academic services	Providing services throughout the student life-cycle, from enrolment to graduation.	1.8%	£3.2m

Cost	Description	Percentage	Amount
IT	Making sure students stay connected and have the technology they need throughout their learning journey	34.7%	£13.1m
Finance and HR	Keeping our University financially secure and building a great staff team.	25.6%	£9.7m
Student Recruitment, Marketing and Communications	From first contact with BCU to graduation and beyond - opening up access to higher education, supporting applicants and keeping our community engaged and up-to-date.	22.5%	£8.5m
Other support services	Other support costs, from the University legal team to our leadership and governance.	17.2%	£6.5m

Cost	Description	Percentage	Amount
Depreciation	Annual cost of capital assets such as properties and IT equipment.	34.4%	£19.7m
Rent and rates	Costs for provision of our campus including academic and research space and offices for professional services staff.	19.8%	£11.3m
Covid costs	The costs the University has incurred during the pandemic to provide a safe environment for students and staff.	14%	£8.0m
Other estates costs	The other costs to keep the campus services running as well as possible.	11.5%	£6.6m
Building maintenance	Costs for maintaining our campus.	8.7%	£5.0m
Energy costs	Costs of heating and running our campus.	7.2%	£4.1m
Security	Keeping our community safe across all our campuses and accommodation sites.	4.4%	£2.5m

Total university costs