Oxford Skyline
Oxford Skyline
Credit: Greg Smolonski. This image comes from Oxford University Images

Finance and funding

The key financial objectives of the University are to provide the long-term resources to strengthen and further its pre-eminent position – nationally and internationally – as a place of outstanding learning, teaching, and research; and to enable it to provide additional support to its three core priorities of students, academic posts, and buildings.

Download the Financial Statements 2020-21 (PDF) - the Financial Review 2020/21 can be found on pages 26-33.

Education

 

% change 2019/20 to 2020/21

 % change 2019/20 to 2020/21

13,044
Postgraduate students

8.6%

68.2%
UK undergraduates admitted for 2021/22 entry are from state schools 

-0.4%

12,510
Undergraduate students

4.6%

20.6%
of undergraduates admitted for 2021/22 entry are from the most disadvantaged areas of the UK1

1.8

 1 ACORN categories 4 and 5 and POLAR4 quintile 1.   

Research

 

% change 2019/20 to 2020/21

 % change 2019/20 to 2020/21

£653.3m
Research income

3.1%

1st
(6th time running)in the Times Higher Education World University Rankings

-

94.8m
Research income from industry

-9.6%

7,447
Research-related agreements executed

1.9%

Educational Publishing (undertaken by the Press)

 

% change 2019/20 to 2020/21

 % change 2019/20 to 2020/21

£694.3m
Educational publishing income

-8.0%

£159.4m
Operating cash flow

6.4%

62,000
children in England benefited from the Nuffield Early Language Intervention programme

N/A

£40.0m
Total comprehensive income

41.3%

Engagement and Partnership

 

% change 2019/20 to 2020/21

 % change 2019/20 to 2020/21

More than 1,600
participants in the 18-month UNIQ 2021 programme

-

1,122
Students from low-income backgrounds supported by Crankstart scholarships

46.7%

163
participants in our Opportunity Oxford bridging programme

58.3%

169
Active spinout companies

14.2%

Financial Measures

Income 
£2,432.7m2020-21 Income bar chart showing £2432.7m
Surplus before other gains
£100.5m2020-21 Surplus bar chart showing £100.5m

Net Assets
£5,203.9m2020-21 Net Assets bar chart showing £5203.9m
Capital Expenditure 
£90.0m2020-21 Capital Expenditure bar chart showing £90m

Colleges

The colleges of Oxford University (apart from Kellogg, St Cross and Reuben) are financially autonomous. In 2019–20, the aggregate annual incoming resources (including donations for capital projects or endowment) of these 36 colleges amounted to £480m. The three main sources of income are teaching, research and residential (38% of the aggregate income), legacies and donations (22%), and investment income (31%).

Other income derives mostly from trading activity such as vacation conferences.

Total resources expended amounted to about £450m in 2019/20; 85% of this expenditure was directly attributed to core activities, including teaching, research and residential services. The balance is split between the costs of fundraising, running trading activities such as conferences and tourism, and investment management costs.

Endowments

The University has endowment assets of £1.3bn. Individual colleges have their own endowment assets, which amount to £5.06 bn.

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