£5m was set aside for future investment in 2014/15. This is the University’s “surplus” and is the difference between its income and expenditure. The University is a charity and as such no dividend, bonus or other payment of profit is made. This money is used to reinvest in the University as it funds major investment in the learning environment, student accommodation, course equipment, IT systems and infrastructure and as it develops new and expanding course areas. This investment is evident across our campuses particularly with the recent completion of new laboratories and classrooms and upgraded facilities.
The surplus is therefore vital in allowing us to continue to achieve our primary aims of advancing learning and knowledge by teaching and research and enabling students to obtain the advantages of university education.