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Swansea University has three faculties across its two campuses which are located on the coastline of Swansea Bay. The Singleton Park Campus is set in the grounds of Singleton Park to the west of Swansea city centre. The £450 million Bay Campus, which opened in September 2015, is located next to Jersey Marine Beach to the east of Swansea in the Neath Port Talbot area. The annual income of the institution for 2022–23 was £412.3 million of which £67.1 million was from research grants and contracts, with an expenditure of £348 million.