Alexandra Square

Income and expenditure

How Lancaster University generated income in 2020-21, and where the money was spent.

In 2020-21, Lancaster University received £325.6 million - most of it raised through tuition fees, research grants and funding. This income was used to support the learning and academic experience of more than 16,000 students while also enabling the University to undertake world-leading research. To see a detailed breakdown of income and expenditure, take a look at the figures below.

56.9% Tuition fees
16.7% Other income
13.3% Research
13.1% Funding Council


SourceValue (in millions of pounds)
Tuition fees 185.2
Other income 54.5
Research 43.4
Funding Council





Area of spendValue (in millions of pounds)
Academic departments 111.4
Premises 38.6
Academic services 33.3
Research 33.2
Residences and catering 26.4
Studentships and bursaries 22.5
Surplus before pension provisions 15.56
Administration and central services 15.2
Other 15
Staff and student facilities 14.5
Total 325.6

More financial information

For more financial information about the University, please visit the Finance homepage.