University Finances at a Glance 2022-23

Where our money came from in 2022-23

The University is a registered charity and our income comes from a wide variety of sources. Any surplus income generated in the year is reinvested back into improving facilities and supporting staff and students.

You can see the breakdown of where our income comes from below:

Breakdown of where income comes from



YEAR ENDED 31 JULY 2023 (£’m)

Tuition fees and education grants

Our main source of income is tuition fees from UK undergraduate students. Fees are currently capped at £9,250 per annum funded by government supported student loans which are repaid when graduates earn above a certain limit. Other tuition fees include those for post graduate teaching and overseas students.


Funding Body Grants

The Office for Students (OfS) provide additional grants to help fund subjects that are more expensive to teach e.g. Science and Engineering. Research England provides research funding grants towards our research activity.


Other Income

This includes income from other sources, such as providing products including leisure facilities, undertaking consultancy work and provision of nursery services.  It also includes notional income as the University underwrites the student rooms for the Peel Park residences run by Campus Living Villages, our third-party residence provider.  There is a corresponding notional cost within expenditure.


Research Grants and Contracts

This includes research grants from UK and EU governments, other public sector bodies, charities and industry.


Investment Income

This is income earned on cash balances.


Donations and Endowments

Donations come from private and business donors





How we spent our money in 2022-23

At Salford we use our income to deliver teaching and learning, carry out research and undertake enterprise activities. Our vision of preparing students for life is at the core of all we do. This is achieved through collaboration with industry across learning, research and enterprise and enhancing employability activities.

Underpinning this is our commitment to student support and wellbeing services; continuing to improve our campus, wider environment and the student experience, including opportunities provided by the Students’ Union.

This requires investment in academic and support staff, facilities and equipment to create a vibrant learning environment.

All of this, we believe, leads to our students becoming unstoppable.

A breakdown of our expenditure, is shown below:

Breakdown of expenditure



YEAR ENDED 31 JULY 2023 (£’m)

Academic departments

Academic departments provide postgraduate, undergraduate and any higher education award or credit bearing courses. They also undertake research, some of which is externally sponsored.



Academic support

This includes centralised academic services such as the library, learning resource centres, IT facilities, etc.



Admin and student support

This includes general educational expenditure and central administration costs including student assistance, marketing, human resources and finance.



Estates costs

This is the cost for the running and maintenance of premises (including academic buildings, central academic services, sports buildings etc.) and grounds (except residences and catering).



Residences and catering

This includes the notional cost of underwriting the student rooms for the Peel Park residences run by Campus Living Villages Ltd, our residence provider. It also includes any conference operations.



Research grants and contracts

These are costs incurred in provision of sponsored research activity.



Other expenditure

This includes interest payments and the costs associated with operating Salford Professional Development a University subsidiary company which delivers training, development programs and conferences to the public and private sector.





As a university, we provide services and facilities to over 26,000 students, and employ 2,500 staff.

During 2022-23 we were aware of the impact that the cost of living was having on our students and provided a number of initiatives to meet the needs of our diverse student population including: one off food payments to all students, a commuter bursary for all eligible student, a work based placement bursary and a household bills bursary. A total of £4.1m cost of living support was provided.  

We’ve also continued to invest in our facilities, ensuring our students have access to industry-standard facilities and equipment. In 2022/23 we spent £18.3m on our IT services, working in line with our transformational One Digital Campus programme to grow our digital capabilities.

Our Students’ Union (USSU) is a separate registered charity run by students, for students. They provide all sorts of services; from an Advice Centre, to Sports Clubs and Societies, through to food, drink and events in the heart of campus at Atmosphere Kitchen and Bar. We provided a grant of £1.4m last year to support their work.

The implementation of the Campus masterplan continued with the completion and fit out of the new building for the Science, Engineering and Environment School as well as the new North of England Robotics Innovation Centre. The Robotics building was part funded by ERDF.

The next phase of the Masterplan includes the building of a new state of the art clinical facility for the training of the next generation of health professionals which will also offer healthcare facilities to the local community and the Greater Manchester Institute of Technology building. Other projects currently under consideration include a new home for Salford Business School, a new acoustics facility and student residencies.

Further information on the University’s income and spending can be found in our Integrated Report.