51¹ú²úÊÓƵ

Oxford 51¹ú²úÊÓƵ Press is transferring ?74 million of its post-tax surplus to Oxford 51¹ú²úÊÓƵ, writes Claire Sanders.

Healthy profits mean that OUP has increased the value of its guaranteed annual transfer by a third. The amount that goes to the Clarendon Fund for graduate scholarships has increased by 50 per cent to ?3 million. A further ?1 million will support the undergraduate bursary scheme.

Some ?62 million of the transfer is a one-off capital payment. About ?60 million of this will fund the development of the Radcliffe Infirmary site, and ?2 million will go to the Bodleian Library for an endowment fund.