Bringing money to Oxfordshire
Income
Oxford Brookes’ income has been on an upward trajectory since 2001 and has increased by a substantial 74% from £91 million in 2001/02 to £158 million in 2008/09. The Retail Prices Index over the same period increased by 22%.
Our government funding for teaching has increased by more than 50% from £32 million in 2001 to £49 million in 2007, reflecting the consistently excellent standards of our teaching. Oxford Brookes student numbers on campus increased by less than 0.5% per year between 1999/00 and 2008/09.
We keep a clear focus on our key activities of teaching and research, but we run the university in a business-like way and we earn a quarter of our income from what the government classes as ‘other income sources’. This includes services, such as consultancy, to businesses and other organisations.
More than half relates to commercial services, such as residence and catering operations. We have been highly successful in diversifying our income. With a quarter of our funding coming from other sources of income, we are in the top 25 universities in the UK.
We are less dependent on, and influenced by, fluctuations in government funding than many others and this self-sufficiency puts us in a strong financial position.
Expenditure
Our expenditure has risen by 50% from £94 million in 2001/02 to £151 million in 2008/09 and continues to grow alongside our increasing income. Around 56% of our expenditure (£85 million in 2008/09) is on staff costs; with more than eight out of ten staff living in Oxfordshire this has a massive impact on the local and regional economy.
Oxford Brookes injects approaching £20 million into the Oxfordshire economy every year with direct spending on local services and suppliers, and our franchise college partners. We have big plans for re-developing our campuses with capital investments of more than £200 million planned for the next four years alone.
