Investment in an exceptional, student-centred experience is at the very heart of financial management and decision-making at Oxford Brookes. In 2013 we opened our multi-award-winning John Henry Brookes Building, demonstrating our commitment to directing funds into projects that have the biggest positive impact for our students.
We aren’t stopping there. Over the next ten years, we’ll be investing an average of £13 million a year in our estate, which will improve the quality of teaching and learning facilities and provide a consistent experience for students. In addition, we’re investing £20 million in IT infrastructure over the next five years helping to further improve student experience.
The University aims to achieve a surplus every year and this is invested into projects which directly benefit our students. We were delighted to achieve our highest ever score for student satisfaction in 2015 in the National Student Survey. Feedback from this survey is used to help us identify areas for improvement. For example, in the last financial year we invested in the library and learning resources together with a centralised student support service.
For the 2014/15 financial year (ending 31 July 2015) Oxford Brookes University and Oxford Brookes Enterprises Limited achieved all of their financial targets and Key Performance Indicators and generated a £6.9 million operating surplus.
More detail is available in our yearly financial statements which are published online. Some of the key highlights are described below.
£116.3 million - Tuition fees and education contracts
£42.6 million - Other income
£16.2 million - Funding body grants
£4.3 million - Research grants and contracts
£0.7 million - Endowment and investment income
£62 million - Academic departments
£12 million - Academic services
£46 million - Administration and central services
£22 million - Residences, catering and conferences
£18 million - Premises
£7 million - Research
£6 million - Other costs
Oxford Brookes is continuing to move towards a student-centred, integrated and sustainable campus environment. The John Henry Brookes Building on our Headington Campus was an important early step in this vision, followed by the announcement of a ten year estates investment plan in January 2015.
The plans will see all our teaching, research and support activity moving from our Wheatley Campus, including the move of our Business School to Headington Campus in 2017. We’ll be investing over £20 million in new buildings and learning facilities for business school students.
£5.4 million will also be spent moving to a new Swindon campus in 2016, providing the University with greater capacity and improved spaces to further enhance teaching, learning and research.
Keep up to date on the latest developments in our estates investment plan on the Space to Think webpages.
The Oxford Brookes Social Entrepreneur Awards (OBSEA) is an award-winning programme for students, staff and recent graduates, who wish to set up and run a social enterprise. Over a 12 month period students receive a comprehensive mentoring and training programme that provides them with the skills to become an entrepreneur.
There are a number of different awards that students on the entrepreneurship programme can go for – these range from £500 to test out ideas up to £15,000 for the implementation of exceptional projects.
We recently launched a new strategy for increasing support for the University. Brookes Because… provides a wide range of opportunities for alumni and other supporters to donate or get involved in some other way in the life of the University.
Financial donations are being sought to fund important research as well as to provide more undergraduate students bursaries (which enable students to take part in field trips or additional research activities) and postgraduate scholarships.