Financial information 2019-20
Our Income and how we spend it
In 2019/20 our total income was over £150m, this income is derived from a number of sources, which is shown below.
The income is used to support a wide range of activities including research-based teaching and learning, research, knowledge exchange
& business engagement to ensure that we deliver a high quality student experience, putting at the heart of everything we do.
Teesside University - income analysis 2019-20
How do student fees contribute to the costs of running our University?
Tuition fees & Education Contracts totalling over £116m represent a significant proportion of our total income.
These contribute to the £147.3m costs necessary to create a stimulating
learning environment which enables us to deliver an outstanding student and learning experience by putting the students at the heart of everything we do. We integrate research into
teaching and knowledge transfer to develop real world application and equip our students with the skills and experiences to enhance their future employment prospects. Over the last
3 years the University has increased the number of academic staff by almost 10%.
Teesside University - expenditure analysis 2019-20
Investing in your University
Any additional income, once we have covered our costs, is reinvested into our campuses. The University has invested over £120m in the Middlesbrough and Darlington campuses, facilities, laboratories equipment and technology since August 2015 - this further demonstrates our commitment to providing an outstanding student and learning experience.
Governors’ report and financial statements
You can read, download or print the governors' report and financial statements.
If you would like copies of the most recent governors' report and financial statements, please ring 01642 342720.
More governors' report and financial statements
Surpluses
Through careful management of the University's finances surpluses are generated for investment in the campus, in facilities, laboratories, equipment & technology
reinforcing our commitment to providing an outstanding student and learning experience.
Over the last 5 years this investment has included:
- Development of state of the art teaching facilities in The Curve
- Annual improvements to teaching space, including digital classrooms
- Extension to The Orion building to provide enhanced STEM facilities
- A new sports and exercise facility including an all weather pitch
- Full refurbishment of the Library
- Significant enhancement of laboratory facilities at both the Middlesbrough and Darlington campuses
- The National Horizons Centre, a National Centre of Excellence for the UK bio-economy
- Major refurbishment and redevelopment of the Student Centre to create Teesside Business School
- The award-winning Student Life Building providing a seamless student experience
- New and major refurbishment of existing student accommodation on campus (Cornell, Central Halls, King Edward Square and Parkside)
- Investment in the Phoenix and Victoria Road buildings to provide a dynamic environment for new entrepreneurs and established companies to grow through digital innovation
- Pedestrianisation of the Campus Heart to improve access and safety
- New Visitors' Centre