UCL is an exempt charity, in accordance with the Charities Act 2006. The charity is exempt from regulation by the Charity Commission, but has as its principal regulator the Higher Education Funding Council for England (HEFCE).
UCL receives funding from multiple sources to support our activities and research.
Notable financial achievements:
UCL’s total research grant spend was £441m in 2015-16, excluding payments to third parties, marking an increase of 73% since 2009-10.
UCL retained and strengthened its position as the top performing university in Europe in the first two years of the major EU funding scheme Horizon 2020, having won funding for more than 260 projects worth in excess of €140m. UCL researchers were awarded nine highly prestigious European Research Council Consolidator Grants, the second-highest number awarded, totalling approximately €15m. UCL was also awarded 27 Marie Curie International Fellowships, worth around €6m.
In January 2016, UCL launched the UCL Technology Fund to invest £50 million in commercialising its world-leading research over the next five years.
In line with our Access Agreement, UCL sets aside more than £10 million per annum to provide enhanced bursaries for students from low income families and to support outreach activities.
Due to a continued programme of carbon savings, UCL’s carbon emissions were reduced by 500 tonnes during 2015-16. Activities have resulted in savings of £1.2 million on utility costs over the last five years.
Research grants and contracts account for more than a third of UCL’s income.
|Research grants and contracts||£530.4m|
Tuition fees and education contracts
|Funding body grants||£192.1m|
Donations and endowments