Northampton uni spent £1.2m on severance pay

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The University of Northampton spent more than £1 million on severance pay for staff during the last financial year, latest figures have shown.

Analysis of the university’s financial statement for 2011/12 shows a total of £1.19 million was spent on redundancy or retirement packages, which was nearly double the total of £652,000 in 2011.

The bulk of the university’s income came from a £34 million funding grant and nearly £50 million in tuition fees and education contracts, up from £46.8 million in 2011.

 

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