Middlesex University


Financial Statements 2016/17


Income


Total income this year was £198.1m, an increase of £8.9m or 4.7% against the prior year. This was due primarily to two factors: increased student recruitment of Home and EU students, and the release of funding body capital grants relating to the new Ritterman building, a teaching facility at the London campus which came into use at the beginning of the academic year.


Tuition Fees and Education Contracts now account for 74.8% of the University’s total income. Of this, 67.1% relates to


fees from home and EU Full Time Students; these increased by £6.1m (6.5%) from 2015/16.


Funding Body Grants have increased to 10.8% of total income (from 8.5% in 2015-16), largely as a result of the release this year of £4.9m of HEFCE capital grants to income as part of funding the new Ritterman Building facility.


Research Grant income remains at similar levels to last year, £5.5m (2.8% of total income) whilst other operating income including investment income and new endowments represents 11.6% at £22.9m.


Income by Source £m


160 140 120 100 80 60 40 20 0


Tuition fees and education contracts


Funding body grants


Research grants and contracts


Other income


(inc investment income & new endowments)


2014/15 2015/16 2016/17


33


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