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Financial statements

For the third year running, the 2019/20 financial statements demonstrate an improvement in the underlying result for the University with a surplus of £4.4m. This continued improvement results from the successful implementation of Plan 2020 and strong recruitment of overseas students in the year. The main measure of financial performance is cash generated from operations which is targeted to be £18m. In 2019/20, the cash generated reached a level over £43m due to the improvements mentioned above, and the successful completion of the residences project in July which resulted in a capital receipt for the University of just under £24m.

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