Newcastle University

In its Financial Statements published this week, Newcastle University details its strong performance in key areas including: research income, which saw an increase of over £3m to bring in £88.5m to the institution in 2010-11, and a significant rise in new research awards from £81m last year to almost £93m this financial year.

The report also sets out the University’s investment programme of new buildings, campus enhancements and improving services for its 20,000 students.

Over the past year the University has delivered a £44m capital development scheme that includes the renovation of the Students’ Union, the construction of a new Biomedical Research Building and improvements to teaching and learning facilities across the campus.

Attracting private sector investment to the city has also been a major focus, with the £45m investment by Downing Developments into the new Newcastle University Business School a significant milestone in the year.

Next year Newcastle University plans to continue its ambitious investment programme with £35m forecast spend on improving the campus and facilities for students.

Mark I’Anson, Chair of Newcastle University Council, said: “The past year has been one of great turbulence in higher education and, under the new funding regime, British higher education faces many challenges and much uncertainty. On the broader front, the UK’s emergence from recession has been slower and less confident than hoped. Despite these challenges, the University has been able to sustain its academic success and strong financial performance.

“While we are not complacent, this sound financial performance will allow us to continue our investment in providing a world-class academic experience for every student who learns with us.”

Newcastle University is also investing resources into providing a range of financial packages to support students with scholarships, fee waivers and bursaries designed to respond to the introduction of increased tuition fees in September 2012.

Professor Chris Brink, Vice-Chancellor, Newcastle University, explains: “We are determined to provide our students with the best possible student experience, good facilities, and an excellent teaching and learning environment. To do that, we need to have a strong financial base to build on.

“We are conscious of the fact that all research councils, charities and other funding bodies face tougher financial circumstances but have prepared for this, and for the advent of increased fees. This includes providing substantial financial aid to those students who have potential and ability but come from a disadvantaged background, increasing our annual spend on bursaries and outreach activities from £7m to £13m by 2016-17.”